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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Operating revenues:      
Oil and gas $ 2,337,222 $ 2,383,950 $ 3,336,826
Other 188,141 37,842 53,179
Total operating revenues 2,525,363 2,421,792 3,390,005
Operating expenses:      
Production 878,458 1,144,061 1,300,820
Accretion of asset retirement obligation 35,743 35,155 27,932
Impairment of long-lived assets 2,984,410
Depreciation, depletion and amortization 1,177,422 1,572,738 1,362,862
General and administrative 976,392 1,155,183 1,239,750
Total operating expenses 3,068,015 6,891,547 3,931,364
Operating loss (542,652) (4,469,755) (541,359)
Other income (expenses):      
Interest income 225 575 45
Interest expense (152,126) (171,375) (99,240)
Gain on derivative instruments 102,069
Net other (expense) income (151,901) (170,800) 2,874
Loss before provision for income taxes (694,553) (4,640,555) (538,485)
Income tax benefit:      
Deferred (660,870) (197,499)
Net loss $ (694,553) $ (3,979,685) $ (340,986)
Loss per common share:      
Basic: $ (0.34) $ (1.95) $ (0.17)
Diluted: $ (0.34) $ (1.95) $ (0.17)
Weighted average common shares outstanding:      
Basic: 2,037,266 2,037,266 2,038,250
Diluted: 2,037,266 2,037,266 2,038,250