v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating Revenues        
Crude Oil $ 217,211 $ 501,891 $ 675,250 $ 655,135
Natural Gas 457,389 168,998 1,080,405 168,998
Natural Gas Liquids 807,453 223,624 1,629,203 223,624
Total Revenues 1,482,053 894,513 3,384,858 1,047,757
Operating Expenses        
Lease Operating Expenses 1,345,209 500,327 2,448,104 776,524
Severance and Property Taxes 78,938 51,706 163,802 75,568
Depreciation, Depletion, Amortization, and Accretion 434,948 522,779 1,006,989 659,682
Impairment of Oil and Gas Properties 1,375,000 48,990,520 2,150,374 48,990,520
General and Administrative 1,264,255 1,041,652 2,713,193 1,699,422
Total Expenses 4,498,350 51,106,984 8,482,462 52,201,716
Operating Loss (3,016,297) (50,212,471) (5,097,604) (51,153,959)
Other Expense (Income)        
Interest Expense 3,231,778 587,398 4,163,341 925,889
Other Expense (Income), Net (1,959) 5,408 34,149 95,781
Total Other Expenses 3,229,819 592,806 4,197,490 1,021,670
Net Loss $ (6,246,116) $ (50,805,277) $ (9,295,094) $ (52,175,629)
Net Loss Per Common Share        
Basic and Diluted (in dollars per share) $ (.16) $ (7.74) $ (0.20) $ (12.61)
Weighted Average Number of Common Shares Outstanding        
Basic and Diluted (in shares) 38,586,680 6,565,784 34,528,671 4,136,776

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