Oil and Natural Gas Costs (Tables)

12 Months Ended

Mar. 31, 2024

Extractive Industries [Abstract]

Schedule of Cost Related to Oil and Gas Activities

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

	2024		2023
Property acquisition costs:
Proved	$	1,826,266	$	1,053,442
Unproved		-		-
Exploration		153,039		-
Development		1,363,529		4,282,499
Capitalized asset retirement obligations		7,617		23,492
Total costs incurred for oil and gas properties	$	3,350,451	$	5,359,433

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:

	2024		2023
Proved oil and gas properties	$	48,304,585	$	45,391,634
Unproved oil and gas properties:
subject to amortization		-		-
not subject to amortization		-		-
	$	48,304,585	$	45,391,634
Less accumulated DD&A		34,066,282		32,099,439
	$	14,238,303	$	13,292,195