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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Operating revenue:        
Oil and gas $ 580,419 $ 537,771 $ 1,662,985 $ 1,951,228
Other 9,715 7,099 178,174 25,080
Total operating revenues 590,134 544,870 1,841,159 1,976,308
Operating expenses:        
Production 234,372 286,519 721,864 869,091
Accretion of asset retirement obligation 9,248 8,797 26,939 26,394
Impairment of long-lived asset 2,150,621 2,984,410
Depreciation, depletion, and amortization 273,885 375,987 879,637 1,244,617
General and administrative 199,995 272,936 780,608 931,545
Total operating expenses 717,500 3,094,860 2,409,048 6,056,057
Operating loss (127,366) (2,549,990) (567,889) (4,079,749)
Other income (expenses):        
Interest income 3 328 175 363
Interest expense (32,378) (43,413) (123,385) (127,693)
Net other expense (32,375) (43,085) (123,210) (127,330)
Loss before provision for income taxes (159,741) (2,593,075) (691,099) (4,207,079)
Income tax benefit:        
Deferred (147,539) (660,870)
Net loss $ (159,741) $ (2,445,536) $ (691,099) $ (3,546,209)
Loss per common share:        
Basic and diluted $ (0.08) $ (1.20) $ (0.34) $ (1.74)
Weighted average common shares outstanding:        
Basic and diluted 2,037,266 2,037,266 2,037,266 2,037,266