CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2012	Mar. 31, 2012
ASSETS
Cash and cash equivalents	$ 105,175	$ 498,681
Accounts receivable:
Oil and gas sales	512,496	333,191
Trade	18,783	30,404
Prepaid costs and expenses	88,967	16,782
Total current assets	725,421	879,058
Property and equipment, at cost
Oil and gas properties, using the full cost method	33,838,836	31,840,059
Other	92,326	78,520
TOTAL	33,931,162	31,918,579
Less accumulated depreciation, depletion and amortization	16,998,081	16,223,267
Property and equipment, net	16,933,081	15,695,312
TOTAL	17,658,502	16,574,370
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	274,267	402,098
Long-term debt	2,900,000	1,700,000
Asset retirement obligations	745,544	613,279
Deferred income tax liabilities	734,620	884,703
Stockholders' equity
Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding
Common stock - $0.50 par value; 40,000,000 shares authorized; 2,099,116 shares issued and 2,035,949 shares outstanding as of September 30, 2012 and March 31, 2012, respectively	1,051,433	1,049,558
Additional paid-in capital	6,738,290	6,608,350
Retained earnings	5,539,793	5,641,827
Treasury stock, at cost (63,167 shares)	(325,445)	(325,445)
Total stockholders' equity	13,004,071	12,974,290
TOTAL	$ 17,658,502	$ 16,574,370