v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net Operating Revenues    
Crude Oil $ 1,198,514 $ 1,654,589
Natural Gas 2,051,846 1,636,212
NGL 3,609,407 2,011,223
Total 6,859,767 5,302,024
Operating Expenses    
Lease Operating Expenses 4,874,724 3,261,082
Severance and Property Taxes 300,314 256,263
Depreciation, Depletion, Amortization and Accretion 1,480,535 2,698,738
Impairment of Oil and Gas Properties 8,137,987 79,142,113
Loss on Sale of Property and Equipment 3,559,083  
General and Administrative 7,173,829 4,044,148
Total 25,526,472 89,402,344
Operating Loss (18,666,705) (84,100,320)
Other Expense (Income)    
Interest Expense 6,018,829 3,165,151
Other Expense, Net 86,054 1,872,768
Total Other Expense 6,104,883 5,037,919
Loss Before Income Taxes (24,771,588) (89,138,239)
Income Tax Benefit (Expense) 0 15,000
Net Loss $ (24,771,588) $ (89,123,239)
Net Loss Per Common Share    
Basic and Diluted (in dollars per share) $ (10.69) $ (173.41)
Weighted Average Number of Common Shares Outstanding Basic and Diluted (in shares) 2,318,266 513,951

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