XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Operating revenues:      
Oil and gas $ 3,994,295 $ 3,063,707 $ 3,223,659
Other 47,646 32,708 16,380
Total operating revenues 4,041,941 3,096,415 3,240,039
Operating expenses:      
Production 1,231,814 1,082,043 926,215
Accretion of asset retirement obligations 44,366 39,376 36,251
Depreciation, depletion, and amortization 1,151,482 1,100,425 996,205
General and administrative 1,136,939 1,028,846 950,690
Total operating expenses 3,564,601 3,250,690 2,909,361
Operating (loss) profit 477,340 (154,275) 330,678
Other income (expenses):      
Interest income 172 229 195
Interest expense (65,387) (53,832) (28,840)
Loss on derivative instruments (99,262)      
Net other expense (164,477) (53,603) (28,645)
(Loss) earnings before provision for income taxes 312,863 (207,878) 302,033
Current 6,500      
Deferred 5,250 (31,504) (27,960)
TOTAL 11,750 (31,504) (27,960)
Net (loss) income $ 301,113 $ (176,374) $ 329,993
(Loss) income per common share:      
Basic $ 0.15 $ (0.09) $ 0.16
Diluted $ 0.15 $ (0.09) $ 0.16
Weighted average common shares outstanding:      
Basic 2,036,950 2,036,959 2,028,014
Diluted 2,042,184 2,036,959 2,036,241