CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net (loss) income	$ (62,454)	$ 183,657
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred income tax benefit	(98,118)	(62,036)
Excess tax benefit from share based payment arrangement		(129,738)
Stock-based compensation	84,808	49,384
Depreciation, depletion and amortization	491,316	479,180
Accretion of asset retirement obligations	19,142	17,736
Changes in assets and liabilities:
(Increase) decrease in accounts receivable	(15,040)	19,083
Increase in prepaid expenses	(49,039)	(85,464)
Increase in income tax payable		129,738
Increase in accounts payable and accrued expenses	17,675	34,700
Net cash provided by operating activities	388,290	636,240
Cash flows from investing activities:
Additions to oil and gas properties	(852,390)	(291,248)
Additions to other property and equipment	(13,806)
Proceeds from sale of oil and gas properties and equipment		462,608
Net cash (used in) provided by investing activities	(866,196)	171,360
Cash flows from financing activities:
Acquisition of treasury stock		(11,980)
Reduction of long-term debt	(225,000)	(1,025,000)
Proceeds from long-term debt	300,000
Excess tax benefit from share based payment arrangement		129,738
Net cash provided by (used in) financing activities	75,000	(907,242)
Net decrease in cash and cash equivalents	(402,906)	(99,642)
Cash and cash equivalents at beginning of period	498,681	179,071
Cash and cash equivalents at end of period	95,775	79,429
Supplemental disclosure of cash flow information:
Cash paid for interest	19,839	17,492
Income taxes paid
Non-cash investing and financing activities:
Asset retirement obligations	$ 18,437	$ 5,156