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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:      
Net (loss) income $ (340,986) $ 301,113 $ (176,374)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Deferred income tax (benefit) expense (197,499) 5,250 (31,504)
Stock-based compensation 153,386 152,448 138,303
Depreciation, depletion and amortization 1,362,862 1,151,482 1,100,425
Accretion of asset retirement obligations 27,932 44,366 $ 39,376
(Gain) loss on derivative instruments (102,069) 99,262  
Changes in assets and liabilities, net of business combinations:      
Decrease (increase) in accounts receivable 197,173 (90,901) $ (117,123)
Increase in prepaid expenses $ (15,814) (9,523) (2,499)
Decrease (increase) in noncurrent assets   109,215 $ (116,454)
(Decrease) increase in income tax payable $ (6,500) 6,500  
Increase (decrease) in accounts payable and accrued expenses 98,494 43,289 $ (17,358)
Net cash provided by operating activities 1,176,979 1,812,501 816,792
Cash flows from investing activities:      
Additions to oil and gas properties $ (4,777,979) $ (2,150,478) (1,300,151)
Acquisition of business     (1,150,000)
Additions to other property and equipment $ (12,436) $ (2,030) (13,806)
Settlement of asset retirement obligations (39,352) (63,230) $ (4,918)
Settlement of derivatives 57,089 (54,281)  
Proceeds from sale of oil and gas properties and equipment 15,710 963,388 $ 69,042
Net cash used in investing activities (4,756,968) $ (1,306,631) (2,399,833)
Cash flows from financing activities:      
Acquisition of treasury stock $ (5,009)   (15,547)
Proceeds from exercise of stock options   $ 8,806 16,313
Reduction of long-term debt $ (150,000) (1,375,000) (350,000)
Proceeds from long-term debt 3,675,000 850,000 1,600,000
Net cash provided by (used in) financing activities 3,519,991 (516,194) 1,250,766
Net decrease in cash and cash equivalents (59,998) (10,324) (332,275)
Cash and cash equivalents at beginning of period 156,082 166,406 498,681
Cash and cash equivalents at end of period 96,084 156,082 166,406
Supplemental disclosure of cash flow information:      
Cash paid for interest 91,264 $ 67,170 $ 49,158
Income taxes paid 13,032    
Non-cash investing and financing activities:      
Asset retirement obligations $ 274,148 $ 134,113 $ 114,003
Acquisition of subsidiary resulting in the assumption of liabilities as follows:      
Fair value of assets     1,276,636
Cash paid     (1,150,000)
Liabilities assumed     $ 126,636