v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Revenues        
Total Revenues $ 57,458 $ 92,753 $ 91,147 $ 214,104
Operating Expenses        
Lease Operating Expenses 27,222 188,483 96,513 312,040
Severance and Property Taxes 2,126 4,031 3,475 6,605
Depreciation, Depletion, Amortization, and Accretion 2,837 3,592 5,132 7,834
General and Administrative 852,915 940,483 1,539,578 2,272,474
Total Operating Expenses 885,100 1,136,589 1,644,698 2,598,953
Operating Loss (827,642) (1,043,846) (1,553,551) (2,384,849)
Other Expense (Income)        
Interest Expense   4,174   5,021
Loss from Unconsolidated Entity 1,056,766   2,140,121  
Other Expense (Income), Net 172,100 (9,278) (42,532) (63,540)
Total Other Expenses 1,228,866 (5,104) 2,097,589 (58,519)
Net Loss Before Discontinued Operations (2,056,508) (1,038,732) (3,651,140) (2,326,330)
Income from Discontinued Operations   761,768   761,768
Net Loss $ (2,056,508) $ (276,964) $ (3,651,140) $ (1,564,562)
Basic        
Continuing Operations $ (0.19) $ (5.94) $ (0.51) $ (23.51)
Discontinued Operations   1.54   2.94
Total (0.19) (4.40) (0.51) (20.57)
Diluted        
Continuing Operations (0.19) (5.94) (0.51) (23.51)
Discontinued Operations   1.54   2.94
Total $ (0.19) $ (4.40) $ (0.51) $ (20.57)
Weighted Average Number of Common Shares Outstanding        
Basic 19,815,872 493,300 13,705,461 259,432
Diluted 19,815,872 493,300 13,705,461 259,432
Crude Oil Sales [Member]        
Operating Revenues        
Total Revenues $ 45,846 $ 66,786 $ 67,635 $ 160,485
Natural Gas Sales [Member]        
Operating Revenues        
Total Revenues 4,643 12,343 8,807 19,547
Natural Gas Liquids Sales [Member]        
Operating Revenues        
Total Revenues $ 6,969 $ 13,624 $ 14,705 $ 34,072

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