Quarterly report pursuant to Section 13 or 15(d)

SEGMENT AND GEOGRAPHIC DATA (Table)

v3.19.3
SEGMENT AND GEOGRAPHIC DATA (Table)
6 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of financial information

Summarized financial information relating to the Company’s lines of business is as follows:

 

    Three Months Ended September 30, 2019     Three Months Ended September 30, 2018     Six Months Ended September 30, 2019     Six Months Ended September 30, 2018  
Operating Revenues                                
   Exploration and production   $ 92,753     $ 809,466     $ 214,104     $ 2,504,162  
   Oil and gas services     6,285,535             6,285,535        
Total operating revenues     6,378,288       809,466       6,499,639       2,504,162  
                                 
Operating Income (Loss)                                
   Exploration and production     (103,333 )     25,464,808       (112,113 )     24,806,220  
   Oil and gas services     1,323,471             1,323,471        
   Corporate     (1,731,815 )     (952,201 )     (3,064,048 )     (2,835,250 )
Total operating income (loss)     (511,677 )     24,512,607       (1,852,690 )     21,970,970  
                                 
Interest expense     (37,677 )     (1,268,811 )     (38,524 )     (2,234,107 )
Other expense (income), net     272,390       (15,430 )     326,652       (20,594 )
Net income (loss)   $ (276,964 )   $ 23,228,366     $ (1,564,562 )   $ 19,716,269  

 

    September 30, 2019     March 31, 2019  
Identifiable assets                
   Exploration and production   $ 544,005     $ 803,949  
   Oil and gas services     26,425,656        
   Corporate     4,218,056       7,778,723  
Total assets   $ 31,187,717     $ 8,582,672