Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues    
Total Revenues $ 33,689 $ 121,351
Operating Expenses    
Lease Operating Expenses 69,291 123,557
Severance and Property Taxes 1,349 2,574
Depreciation, Depletion, Amortization, and Accretion 2,295 4,242
Impairment of Oil and Gas Properties  
General and Administrative 686,663 1,331,991
Total Operating Expenses 759,598 1,462,364
Operating Loss (725,909) (1,341,013)
Other Expense (Income)    
Interest Expense   847
Loss from Equity Method Investment 1,083,355  
Other Expense (Income), Net (214,632) (54,262)
Total Other Expenses (Income) 868,723 (53,415)
Net Loss $ (1,594,632) $ (1,287,598)
Net Loss Per Common Share    
Basic and Diluted (in dollars per share) $ (0.44) $ (206.26)
Weighted Average Number of Common Shares Outstanding    
Basic and Diluted (in shares) 7,527,903 15,348
Crude Oil Sales [Member]    
Operating Revenues    
Total Revenues $ 21,789 $ 93,699
Natural Gas Sales [Member]    
Operating Revenues    
Total Revenues 4,164 4,164
Natural Gas Liquids Sales [Member]    
Operating Revenues    
Total Revenues $ 7,736 $ 20,448