XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Operating revenues:        
Oil and gas $ 734,313 $ 810,655 $ 1,358,183 $ 1,715,995
Other 9,288 5,106 12,539 8,860
Total operating revenues 743,601 815,761 1,370,722 1,724,855
Operating expenses:        
Production 254,513 236,330 470,363 464,232
Accretion of asset retirement obligations 9,604 8,698 19,142 17,736
Depreciation, depletion, and amortization 259,780 234,006 491,316 479,180
General and administrative 236,708 225,261 528,977 495,561
Total operating expenses 760,605 704,295 1,509,798 1,456,709
Operating (loss) profit (17,004) 111,466 (139,076) 268,146
Other income (expense)        
Interest income    92 130 94
Interest expense (10,767) (5,961) (21,626) (16,881)
Net other expense (10,767) (5,869) (21,496) (16,787)
(Loss) earnings before provision for income taxes (27,771) 105,597 (160,572) 251,359
Income tax (benefit) expense:        
Current    58,442    129,738
Deferred (28,534) (32,117) (98,118) (62,036)
TOTAL (28,534) 26,325 (98,118) 67,702
Net (loss) income $ 763 $ 79,272 $ (62,454) $ 183,657
Earnings per common share:        
Basic $ 0.00 $ 0.04 $ (0.03) $ 0.09
Diluted $ 0.00 $ 0.04 $ (0.03) $ 0.09
Weighted average common shares outstanding:        
Basic 2,035,949 2,029,926 2,035,949 2,029,938
Diluted 2,038,240 2,036,476 2,035,949 2,041,269