Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Details)

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PROPERTY AND EQUIPMENT (Details) - USD ($)
Sep. 30, 2018
Mar. 31, 2018
Components of oil and gas properties recorded at cost    
Oil and gas properties subject to amortization $ 50,882,371 $ 60,760,056
Oil and gas properties not subject to amortization 28,013,365 28,016,989
Capitalized asset retirement costs 161,130 322,470
Total oil & gas properties 79,056,866 89,099,515
Accumulated depreciation, depletion and amortization (77,770,225) (76,555,320)
Net Capitalized Costs $ 1,286,641 $ 12,544,195