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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Revenues    
Crude Oil $ 200,069 $ 458,039
Natural Gas 473,513 623,016
Natural Gas Liquids 1,021,114 821,750
Total Operating Revenues 1,694,696 1,902,805
Operating Expenses    
Lease Operating Expenses 1,411,667 1,102,895
Severance and Property Taxes 82,760 84,864
Depreciation, Depletion, Amortization, and Accretion 327,200 572,041
Impairment of Oil and Gas Properties 531,657 775,374
Gain on Sale of Oil and Gas Properties   (1,195)
General and Administrative 1,883,049 1,448,938
Total Operating Expenses 4,236,333 3,982,917
Operating Loss (2,541,637) (2,080,112)
Other Expense (Income)    
Interest Expense 965,296 931,563
Other Expense (Income), Net 5,164 37,303
Total Other Expense 970,460 968,866
Net Loss $ (3,512,097) $ (3,048,978)
Net Loss Per Common Share    
Basic and Diluted (in dollars per share) $ (.44) $ (2.80)
Basic and Diluted (in shares) 9,501,394 1,217,043

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