Oil and Gas Costs (Tables)

12 Months Ended

Mar. 31, 2018

Extractive Industries [Abstract]

Schedule of Cost Related to Oil and Gas Activities

The costs related to the Company’s oil and gas activities were incurred as follows for the year ended March 31:

	2018		2017
Property acquisition costs:
Proved	$	-	$	-
Unproved		-		-
Exploration		-		-
Development		1,099,051		731,400
Capitalized asset retirement obligations		6,689		8,753
Total costs incurred for oil and gas properties	$	1,105,740	$	740,153

Schedule of Aggregate Capitalized Costs Relating Oil and Gas Property Activities

The Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31:

	2018		2017
Proved oil and gas properties	$	35,224,784	$	37,640,096
Unproved oil and gas properties:
subject to amortization		-		-
not subject to amortization		-		-
		35,224,784		37,640,096
Less accumulated DD&A		26,355,604		25,479,335
	$	8,896,180	$	12,160,761