Organization (Tables)

9 Months Ended

Jan. 31, 2015

Organization And Liquidity Tables

Summary of Fair Values of Net Liabilities Assumed

Purchase consideration:
Net cash provided	$	8,329,759
Liabilities assumed		52,514
Total Purchase Consideration		8,382,273
Purchase price allocation:
Oil and gas assets – proved developed – estimated		2,460,632
Oil and gas assets – proved undeveloped – estimated		5,921,641
Asset retirement obligations – estimated		(52,514	)

Schedule of Pro Forma Basis, Results of Operations

	For the Three Months Ended						For the Nine Months Ended
	January 31, 2015			January 31, 2014			January 31, 2015			January 31, 2014
Revenues	$	488,273		$	1,924,078		$	2,697,446		$	5,728,901
Net loss		(1,318,469	)		(624,129	)		(3,560,883	)		(353,928	)
Loss per share of common share - Basic and diluted		(0.00	)		(0.00	)		(0.00	)		(0.00	)
Weighted average number of common shares Outstanding - Basic and diluted		818,567,746			781,475,355			818,567,746			752,034,775

Schedule of Non-controlling Interest

At January 31, 2015 the non–controlling interest in Bandolier was as follows:

Non–controlling interest at April 30, 2014	$	-
Acquisition of non–controlling interest in Bandolier		5,000,000
Non–controlling share of net loss		(611,320	)
Non–controlling interest at January 31, 2015	$	4,388,680