v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Operating Revenues        
Crude Oil $ 484,016 $ 183,705 $ 1,139,152 $ 867,406
Natural Gas 636,619   805,617  
NGL 790,185   1,013,809  
Total Revenues 1,910,820 183,705 2,958,578 867,406
Operating Expenses        
Lease Operating Expenses 1,298,475 182,449 2,074,999 597,932
Severance and Property Taxes 89,606 27,961 165,174 98,456
Depreciation, Depletion, Amortization, and Accretion 1,286,684 204,069 1,946,366 739,107
Impairment of Oil and Gas Properties     48,990,520  
General and Administrative 1,310,119 675,827 3,009,540 1,854,646
Total Expenses 3,984,884 1,090,306 56,186,599 3,290,141
Operating Loss (2,074,064) (906,601) (53,228,021) (2,422,735)
Other Expense (Income)        
Interest Expense 1,457,827 51,394 2,384,716 557,613
Other Expense (Income), Net 865,685 65,132 961,465 27,344
Total Other Expenses 2,323,512 116,526 3,346,181 584,957
Net Loss $ (4,397,576) $ (1,023,127) $ (56,574,202) $ (3,007,692)
Net Loss Per Common Share        
Basic and Diluted (in dollars per share) $ (0.20) $ (0.70) $ (5.64) $ (2.09)
Weighted Average Number of Common Shares Outstanding        
Basic and Diluted (in shares) 21,782,632 1,463,590 10,039,130 1,438,573

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