Consolidated Balance Sheets - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Current assets
Cash and cash equivalents	$ 492,610	$ 73,451
Accounts receivable:
Oil and gas sales	395,991	381,414
Trade	436,249	13,744
Prepaid costs and expenses	47,583	36,325
Total current assets	1,372,433	504,934
Property and equipment, at cost
Oil and gas properties, using the full cost method	35,224,784	37,640,096
Other	107,484	107,484
Accumulated depreciation, depletion and amortization	(26,453,025)	(25,572,606)
Property and equipment, net	8,879,243	12,174,974
Other noncurrent assets	149,278	28,157
Total assets	10,400,954	12,708,065
Current liabilities
Accounts payable and accrued expenses	446,815	137,259
Total current liabilities	446,815	137,259
Long-term debt	700,000	2,900,000
Asset retirement obligations	852,553	968,484
Total liabilities	1,999,368	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 shares issued and 2,037,266 shares outstanding as of March 31, 2018 and 2017, respectively	1,052,133	1,052,133
Additional paid-in capital	7,265,601	7,244,848
Retained earnings	429,853	751,342
Treasury stock, at cost (67,000 shares)	(346,001)	(346,001)
Total stockholders’ equity	8,401,586	8,702,322
Total liabilities and stockholders' equity	$ 10,400,954	$ 12,708,065