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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenue:        
Oil and gas $ 610,451 $ 546,164 $ 1,261,893 $ 1,082,567
Other 8,637 34,678 24,879 168,458
Total operating revenues 619,088 580,842 1,286,772 1,251,025
Operating expenses:        
Production 254,842 226,548 564,705 487,492
Accretion of asset retirement obligations 8,308 8,895 16,557 17,691
Depreciation, depletion, and amortization 285,507 297,370 596,765 605,752
General and administrative 232,869 236,367 539,528 580,613
Total operating expenses 781,526 769,180 1,717,555 1,691,548
Operating loss (162,438) (188,338) (430,783) (440,523)
Other income (expenses):        
Interest income 2 9 11 172
Interest expense (26,734) (49,573) (53,950) (91,007)
Net other expense (26,732) (49,564) (53,939) (90,835)
Loss before provision for income taxes (189,170) (237,902) (484,722) (531,358)
Income tax benefit:        
Current
Deferred
Income tax benefit
Net loss $ (189,170) $ (237,902) $ (484,722) $ (531,358)
Loss per common share:        
Basic and diluted $ (0.09) $ (0.12) $ (0.24) $ (0.26)
Weighted average common shares outstanding:        
Basic and diluted 2,037,266 2,037,266 2,037,266 2,037,266