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Oil and Gas Reserve Data (Unaudited) (Details Narrative) | 12 Months Ended
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Mar. 31, 2020 USD ($) Boe Wells $ / shares | Mar. 31, 2019 USD ($) $ / shares
Barrels of oil equivalent | Boe | 1.816 |
Percentage of estimated proved reserves of oil and natural gas liquids | 55.00% |
Percentage of estimated proved reserves of natural gas | 45.00% |
Description on PUD's oil and gas reserves | At March 31, 2020, the Company reported estimated PUDs of 901 MBOE, which accounted for 50% of its total estimated proved oil and gas reserves. This figure primarily consists of a projected 142 new wells (662 MBOE) operated by others, 7 wells are currently being drilled with plans for 59 wells to follow in 2021, 64 wells in 2022 and 12 wells in 2023. |
Estimated proved oil and gas reserves rate | 50.00% |
Future cash flows estimate to develop proved undeveloped properties through March 31, 2023 | $ | $ 6,632,064 | $ 9,137,560
Estimated future cash flows discounted rate | 10.00% |
Average prices used, per bbl | $ / shares | $ 53.23 | $ 53.71
Average prices used, per mcf | $ / shares | $ 1.655 | $ 2.77
2021 [Member] |  |
Number of drilled wells | 59 |
2022 [Member] |  |
Number of drilled wells | 64 |
2023 [Member] |  |
Number of drilled wells | 12 |
Current Plans [Member] |  |
Number of drilled wells | 7 |
142 New Wells [Member] |  |
Number of drilled wells | 142 |

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