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Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Operating revenue:        
Total operating revenues $ 1,656,443 $ 2,581,210 $ 4,811,472 $ 7,355,975
Operating expenses:        
Production 401,035 478,670 1,143,116 1,308,143
Accretion of asset retirement obligation 7,225 7,553 22,121 22,902
Depreciation, depletion, and amortization 400,337 496,509 1,268,703 1,268,016
General and administrative 335,152 288,536 981,664 876,735
Total operating expenses 1,143,749 1,271,268 3,415,604 3,475,796
Operating income 512,694 1,309,942 1,395,868 3,880,179
Other income (expenses):        
Interest income 36,936 59 86,995 152
Interest expense (1,075) (3,230) (3,235) (9,922)
Net other income (expense) 35,861 (3,171) 83,760 (9,770)
Income before provision for income taxes 548,555 1,306,771 1,479,628 3,870,409
Income tax expense:        
Current 32,959 61,986 79,123 115,236
Deferred 169,986 319,848
Total income tax expense 202,945 61,986 398,971 115,236
Net income $ 345,610 $ 1,244,785 $ 1,080,657 $ 3,755,173
Income per common share:        
Basic: $ 0.16 $ 0.58 $ 0.51 $ 1.75
Diluted: $ 0.16 $ 0.56 $ 0.50 $ 1.70
Weighted average common shares outstanding:        
Basic: 2,103,503 2,147,750 2,120,611 2,148,859
Diluted: 2,151,783 2,205,706 2,169,708 2,213,652
Oil Sales [Member]        
Operating revenue:        
Total operating revenues $ 1,387,008 $ 1,750,539 $ 3,916,492 $ 4,707,735
Natural Gas Sales [Member]        
Operating revenue:        
Total operating revenues 223,587 735,478 789,903 2,476,290
Other [Member]        
Operating revenue:        
Total operating revenues $ 45,848 $ 95,193 $ 105,077 $ 171,950