Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2017	Mar. 31, 2017
Current assets
Cash and cash equivalents	$ 97,282	$ 73,451
Accounts receivable:
Oil and gas sales	399,987	381,414
Trade	30,415	13,744
Escrow	200,000
Prepaid costs and expenses	18,782	36,325
Total current assets	746,466	504,934
Property and equipment, at cost
Oil and gas properties, using the full cost method	35,669,560	37,640,096
Other	107,484	107,484
Accumulated depreciation, depletion and amortization	(26,417,172)	(25,572,606)
Property and equipment, net	9,359,872	12,174,974
Other noncurrent assets	121,598	28,157
Total assets	10,227,936	12,708,065
Current liabilities
Accounts payable and accrued expenses	212,429	137,259
Total current liabilities	212,429	137,259
Long-term debt	950,000	2,900,000
Asset retirement obligations	931,870	968,484
Total liabilities	2,094,299	4,005,743
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, 2017 and March 31, 2017	1,052,133	1,052,133
Additional paid-in capital	7,262,113	7,244,848
Retained earnings	165,392	751,342
Treasury stock, at cost - (67,000 shares)	(346,001)	(346,001)
Total stockholders' equity	8,133,637	8,702,322
Total liabilities and stockholders' equity	$ 10,227,936	$ 12,708,065

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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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.