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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Operating revenue:        
Total operating revenues $ 769,778 $ 644,316 $ 2,095,253 $ 2,107,835
Operating expenses:        
Production 249,921 211,788 698,358 721,301
Accretion of asset retirement obligation 6,961 9,464 20,298 16,870
Depreciation, depletion, and amortization 228,762 196,206 648,729 617,864
General and administrative 239,346 234,987 805,701 710,194
Total operating expenses 724,990 652,445 2,173,086 2,066,229
Operating income (loss) 44,788 (8,129) (77,833) 41,606
Other income (expenses):        
Interest income 611 4 1,110 87
Interest expense (10,203) (4,951) (25,054) (18,318)
Net other expense (9,592) (4,947) (23,944) (18,231)
Income (loss) before income taxes 35,196 (13,076) (101,777) 23,375
Net income (loss) $ 35,196 $ (13,076) $ (101,777) $ 23,375
Income (loss) per common share:        
Basic: $ 0.02 $ (0.01) $ (0.05) $ 0.01
Diluted: $ 0.02 $ (0.01) $ (0.05) $ 0.01
Weighted average common shares outstanding:        
Basic: 2,040,166 2,040,166 2,040,166 2,039,165
Diluted: 2,040,166 2,040,166 2,040,166 2,039,165
Oil Sales [Member]        
Operating revenue:        
Total operating revenues $ 643,141 $ 452,695 $ 1,762,663 $ 1,517,989
Natural Gas Sales [Member]        
Operating revenue:        
Total operating revenues 123,082 187,448 321,004 558,753
Other [Member]        
Operating revenue:        
Total operating revenues $ 3,555 $ 4,173 $ 11,586 $ 31,093