v3.25.2
Subsequent Events
12 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

16. Subsequent Events

 

On May 13, 2025, the Company announced that its Board declared a regular annual dividend of $0.10 per common share to its shareholders of record at the close of business on June 2, 2025. The regular annual dividend in the amount of $204,600 was paid on June 16, 2025.

 

In June 2025, the Company expended approximately $116,000 to participate in the drilling of 5 horizontal wells in the Bone Spring Sand formation of the Delaware Basin in Eddy County, New Mexico.

 

The Company completed a review and analysis of all events that occurred after the consolidated balance sheet date to determine if any such events must be reported and has determined that there are no other subsequent events to be disclosed.