Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Details)

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PROPERTY AND EQUIPMENT (Details) - USD ($)
Dec. 31, 2019
Mar. 31, 2019
Components of oil and gas properties recorded at cost    
Oil and gas properties subject to amortization $ 50,352,304 $ 50,352,304
Oil and gas properties not subject to amortization 28,016,989 28,016,989
Capitalized asset retirement costs 152,223 176,649
Total oil & natural gas properties 78,521,516 78,545,944
Accumulated depreciation, depletion, and impairment (78,345,531) (78,333,628)
Net Capitalized Costs $ 175,985 $ 212,316