Oil and Gas Reserve Data (Unaudited) (Tables)

12 Months Ended

Mar. 31, 2024

Extractive Industries [Abstract]

Schedule of Weighted Average First-day-of-the-month Prices Used for Oil and Gas Reserve

The following table presents the weighted average first-day-of-the-month prices used for oil and gas reserve preparation, based upon SEC guidelines.

	March 31,
	2024		2023		% Change
Prices utilized in the reserve estimates before adjustments:
Oil per Bbl	$	73.96	$	87.45		(15	)%
Natural gas per MMBtu	$	2.45	$	5.96		(59	)%

Schedule of Changes in Proved Reserve

Changes in Proved Reserves:

	Oil (Bbls)			Natural Gas (Mcf)
Proved Developed and Undeveloped Reserves:
As of April 1, 2022		809,000			4,842,000
Revision of previous estimates		(108,000	)		328,000
Purchase of minerals in place		31,000			125,000
Extensions and discoveries		69,000			188,000
Sales of minerals in place		-			-
Production		(74,000	)		(534,000	)
As of March 31, 2023		727,000			4,949,000
Revision of previous estimates		(86,000	)		(463,000	)
Purchase of minerals in place		24,000			121,000
Extensions and discoveries		199,000			437,000
Sales of minerals in place		(3,000	)		(4,000	)
Production		(70,000	)		(503,000	)
As of March 31, 2024		791,000			4,537,000

Summary of Proved Developed and Undeveloped Reserves

Summary of Proved Developed and Undeveloped Reserves as of March 31, 2024 and 2023:

	Oil (Bbls)		Natural Gas (Mcf)
Proved Developed Reserves:
As of April 1, 2022		428,280		3,583,470
As of March 31, 2023		486,770		3,971,370
As of March 31, 2024		444,610		3,566,240
Proved Undeveloped Reserves:
As of April 1, 2022		380,550		1,258,210
As of March 31, 2023		240,060		978,010
As of March 31, 2024		346,330		970,880

Schedule of Progress of Converting Proved Undeveloped Reserves

Progress of Converting Proved Undeveloped Reserves:

	Oil & Natural			Future
	Gas (BOE)			Development Costs
PUDs, beginning of year		403,065		$	3,837,540
Revision of previous estimates		(38,780	)		272,365
Sales of reserves		-			-
Conversions to PD reserves		(61,606	)		(935,590	)
Additional PUDs added		205,462			2,307,162
PUDs, end of year		508,141		$	5,481,477

Schedule of Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves

Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves:

	March 31
	2024			2023
Future cash inflows	$	73,290,000		$	94,972,000
Future production costs and taxes		(21,634,000	)		(23,800,000	)
Future development costs		(5,481,000	)		(4,280,000	)
Future income taxes		(7,067,000	)		(11,284,000	)
Future net cash flows		39,108,000			55,608,000
Annual 10% discount for estimated timing of cash flows		(14,480,000	)		(22,793,000	)
Standardized measure of discounted future net cash flows	$	24,628,000		$	32,815,000

Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows to Proved Oil and Gas Reserves

Changes in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:

	March 31
	2024			2023
Sales of oil and gas produced, net of production costs	$	(4,936,000	)	$	(7,661,000	)
Net changes in price and production costs		(14,394,000	)		8,937,000
Changes in previously estimated development costs		(77,000	)		413,000
Revisions of quantity estimates		(3,620,000	)		(4,313,000	)
Net change due to purchases and sales of minerals in place		1,146,000			2,030,000
Extensions and discoveries, less related costs		7,208,000			3,277,000
Net change in income taxes		2,208,000			(1,801,000	)
Accretion of discount		2,908,000			3,947,000
Changes in timing of estimated cash flows and other		1,370,000			2,066,000
Changes in standardized measure		(8,187,000	)		6,895,000
Standardized measure, beginning of year		32,815,000			25,920,000
Standardized measure, end of year	$	24,628,000		$	32,815,000