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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating revenues:        
Total operating revenues $ 636,042 $ 625,884 $ 1,006,498 $ 1,325,475
Operating expenses:        
Production 217,117 229,042 388,783 448,437
Accretion of asset retirement obligations 7,237 6,590 14,424 13,337
Depreciation, depletion, and amortization 236,134 209,729 460,239 419,967
General and administrative 192,360 255,294 441,238 566,355
Total operating expenses 652,848 700,655 1,304,684 1,448,096
Operating loss (16,806) (74,771) (298,186) (122,621)
Other income (expenses):        
Interest income 301 479 316 499
Interest expense (13,515) (8,495) (24,570) (14,851)
Loss on derivative instruments (11,950) (19,200)
Net other expense (25,164) (8,016) (43,454) (14,352)
Loss before income taxes (41,970) (82,787) (341,640) (136,973)
Income tax
Net loss $ (41,970) $ (82,787) $ (341,640) $ (136,973)
Loss per common share:        
Basic: $ (0.02) $ (0.04) $ (0.17) $ (0.07)
Diluted: $ (0.02) $ (0.04) $ (0.17) $ (0.07)
Weighted average common shares outstanding:        
Basic: 2,040,941 2,040,166 2,040,553 2,040,166
Diluted: 2,040,941 2,040,166 2,040,553 2,040,166
Oil Sales [Member]        
Operating revenues:        
Total operating revenues $ 504,957 $ 531,086 $ 787,327 $ 1,119,522
Natural Gas Sales [Member]        
Operating revenues:        
Total operating revenues 125,007 94,664 206,816 197,922
Other [Member]        
Operating revenues:        
Total operating revenues $ 6,078 $ 134 $ 12,355 $ 8,031