Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 1,344,952	$ 4,662,702
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income tax expense	311,661
Stock-based compensation	229,799	142,783
Depreciation, depletion and amortization	1,969,742	1,854,047
Accretion of asset retirement obligations	29,869	30,532
Amortization of debt issuance costs	4,309	12,570
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable	362,920	(63,678)
Decrease in right-of-use asset	56,366	54,294
Decrease (increase) in prepaid expenses	309	(8,866)
Increase (decrease) in accounts payable and accrued expenses	16,198	(33,475)
Decrease in operating lease liability	(56,366)	(54,294)
Increase in income tax payable	189,254
Settlement of asset retirement obligations	(25,078)	(80,720)
Net cash provided by operating activities	4,433,935	6,515,895
Cash flows from investing activities:
Additions to oil and gas properties	(3,349,326)	(5,310,036)
Additions to other property and equipment		(1,718)
Drilling refund	26,194	295,679
Investment in limited liability companies at cost	(400,000)	(425,000)
Proceeds from sale of oil and gas properties and equipment	306,633
Net cash used in investing activities	(3,416,499)	(5,441,075)
Cash flows from financing activities:
Proceeds from exercise of stock options	19,662	16,700
Profits from purchase of stock by insider		30,179
Proceeds from long-term debt	275,000	675,000
Debt issuance costs	(750)	(12,200)
Dividends paid	(213,600)
Acquisition of treasury stock	(585,035)	(244,494)
Reduction of long-term debt	(275,000)	(675,000)
Net cash used in financing activities	(779,723)	(209,815)
Net increase in cash and cash equivalents	237,713	865,005
Cash and cash equivalents at beginning of year	2,235,771	1,370,766
Cash and cash equivalents at end of year	2,473,484	2,235,771
Supplemental disclosure of cash flow information:
Cash paid for interest	925	528
Accrued capital expenditures included in accounts payable	21,693	28,186
Non-cash investing and financing activities:
Asset retirement obligations	$ 7,617	$ 23,492