CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Mar. 31, 2014
ASSETS
Cash and cash equivalents	$ 152,498	$ 156,082
Accounts receivable:
Oil and gas sales	596,567	628,098
Trade	12,921	18,144
Prepaid costs and expenses	61,016	28,804
Total current assets	823,002	831,128
Property and equipment, at cost
Oil and gas properties, using the full cost method	35,757,834	35,460,741
Other	94,356	94,356
Accumulated depreciation, depletion and amortization	(18,775,989)	(18,475,174)
Property and equipment, net	17,076,201	17,079,923
Other noncurrent assets	949	7,239
Total Assets	17,900,152	17,918,290
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	325,087	257,431
Income tax payable		6,500
Derivative instruments	59,121	44,981
Total current liabilities	384,208	308,912
Long-term debt	2,300,000	2,425,000
Asset retirement obligations	932,194	926,577
Deferred income tax liabilities	841,068	858,449
Total liabilities	4,457,470	4,518,938
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; 2,104,266 shares issued and 2,038,266 outstanding as of June 30, 2014 and March 31, 2014	1,052,133	1,052,133
Additional paid-in capital	6,945,921	6,921,645
Retained earnings	5,785,620	5,766,566
Treasury stock, at cost (66,000 shares)	(340,992)	(340,992)
Total stockholders' equity	13,442,682	13,399,352
TOTAL	$ 17,900,152	$ 17,918,290