Going Concern and Management’s Plan	3 Months Ended
Jul. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern and Management’s Plan:	The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of July 31, 2015, the Company had an accumulated deficit of $17,335,417. The Company has incurred significant losses since inception. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern. At July 31, 2015, the Company had working capital of approximately $262,000. As a result of the utilization of cash in its operating activities, and the development of its assets, the Company has incurred losses since it commenced operations. In addition, the Company has a limited operating history prior to acquisition of Bandolier. At July 31, 2015, the Company had cash and cash equivalents of approximately $0.8 million. The Company’s primary source of operating funds since inception has been equity financings. Management is currently in the process of evaluating all paths for the Company at this point amid a difficult oil price environment. This includes curtailing oil and gas operations and increasing focus on the Company’s technology initiatives. Obtaining funding in this environment for exploration and production assets is challenging though the Company continues to work hard to meet its capital needs. The Company is exploring farm in and joint venture opportunities for its oil and gas assets as well as exit opportunities through an outright sale. The Company is currently focused on developing its core position in the Mississippi Lime, specifically in the Pearsonia West Concession in Osage County acquired during the Bandolier Acquisition and Bandolier’s acquisition of Spyglass. Over the last 12 months the Company has continued to build out its leadership and technical team with individuals with extensive experience in the Mississippi Lime play. Additionally, the Company has been in discussions with industry partners to capitalize and develop additional acreage in the Mississippi Lime. The Company continues to seek out joint venture partners and acquisition targets.

Going Concern and Management’s Plan

3 Months Ended

Jul. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of July 31, 2015, the Company had an accumulated deficit of $17,335,417. The Company has incurred significant losses since inception. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

At July 31, 2015, the Company had working capital of approximately $262,000. As a result of the utilization of cash in its operating activities, and the development of its assets, the Company has incurred losses since it commenced operations. In addition, the Company has a limited operating history prior to acquisition of Bandolier. At July 31, 2015, the Company had cash and cash equivalents of approximately $0.8 million. The Company’s primary source of operating funds since inception has been equity financings.

Management is currently in the process of evaluating all paths for the Company at this point amid a difficult oil price environment. This includes curtailing oil and gas operations and increasing focus on the Company’s technology initiatives. Obtaining funding in this environment for exploration and production assets is challenging though the Company continues to work hard to meet its capital needs. The Company is exploring farm in and joint venture opportunities for its oil and gas assets as well as exit opportunities through an outright sale.

The Company is currently focused on developing its core position in the Mississippi Lime, specifically in the Pearsonia West Concession in Osage County acquired during the Bandolier Acquisition and Bandolier’s acquisition of Spyglass. Over the last 12 months the Company has continued to build out its leadership and technical team with individuals with extensive experience in the Mississippi Lime play. Additionally, the Company has been in discussions with industry partners to capitalize and develop additional acreage in the Mississippi Lime. The Company continues to seek out joint venture partners and acquisition targets.