Annual report pursuant to Section 13 and 15(d)

Supplemental Oil and Gas Disclosures (Unaudited) (Details 7)

v3.7.0.1
Supplemental Oil and Gas Disclosures (Unaudited) (Details 7) - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Changes in the standardized measure of discounted future cash flows    
Standardized measure, beginning of year $ 13,398,383 $ 61,627,716
Crude oil and natural gas sales, net of production costs (2,377,676) (104,515)
Net changes in prices and production costs (3,182,783) (41,178,131)
Changes in estimated future development costs 922,149 (9,440,684)
Revisions of previous quantity estimates (4,089,299) (6,460,172)
Accretion of discount 2,542,541 1,400,887
Net change in income taxes (8,875,682) 13,592,568
Purchases of reserves in place 17,126,575  
Sales of reserves in place (55,894) (6,360,521)
Change in timing of estimated future production 530,926 320,235
Standardized measure, end of year $ 16,012,422 $ 13,398,383