Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2016	Mar. 31, 2016
Current assets
Cash and cash equivalents	$ 60,858	$ 34,013
Accounts receivable:
Oil and gas sales	331,809	248,145
Trade	12,017	29,880
Prepaid costs and expenses	9,635	43,284
Total current assets	414,319	355,322
Property and equipment, at cost
Oil and gas properties, using the full cost method	37,651,673	40,365,197
Other	107,484	107,484
Accumulated depreciation, depletion and amortization	(25,274,821)	(24,395,184)
Property and equipment, net	12,484,336	16,077,497
Other noncurrent assets	29,614	34,441
Total assets	12,928,269	16,467,260
Current liabilities
Accounts payable and accrued expenses	202,408	332,172
Long-term debt	3,070,000	5,580,000
Asset retirement obligations	960,525	1,211,077
Total liabilities	4,232,933	7,123,249
Commitments and contingencies
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 issued and 2,037,266 shares outstanding as of December 31, 2016 and March 31, 2016	1,052,133	1,052,133
Additional paid-in capital	7,234,408	7,191,984
Retained earnings	754,796	1,445,895
Treasury stock, at cost - (67,000 shares)	(346,001)	(346,001)
Total stockholders' equity	8,695,336	9,344,011
Total liabilities and stockholders' equity	$ 12,928,269	$ 16,467,260

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.