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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Oct. 31, 2015
Oct. 31, 2014
Revenues        
Oil and natural gas sales $ 757,485 $ 62,841 $ 1,423,761
Sales of real estate $ 18,347,111 18,347,111
Total Revenues 18,347,111 $ 757,485 18,409,952 $ 1,423,761
Cost of revenues - sales of real estate 10,486,373 10,486,373
Gross Margin 7,860,738 $ 757,485 7,923,579 $ 1,423,761
Operating Expenses        
Lease operating expenses 84,035 446,829 259,988 787,497
Depreciation, depletion and accretion 39,777 $ 218,681 105,750 $ 400,833
Amortization of intangibles 30,113 60,226
Gain on sale of equipment (5,519) (5,519)
General and administrative 1,418,386 $ 1,195,000 1,978,361 $ 3,052,032
Total Expenses 1,566,792 1,860,510 2,398,806 4,240,362
Operating income (loss) 6,293,946 $ (1,103,025) 5,524,773 (2,816,601)
Other income (101) 782 33
Net income (loss) 6,293,845 $ (1,103,025) 5,525,555 (2,816,568)
Net income (loss) attributable to non-controlling interest 3,125,489 55,680 3,042,130 (347,031)
Net income (loss) attributable to Petro River Oil Corp. and Subsidiaries $ 3,168,356 $ (1,158,705) $ 2,483,425 $ (2,469,537)
Basic and diluted net income (loss) per Common Share $ .74 $ (.28) $ .58 $ .60
Weighted Average Number of Common Shares Outstanding - Basic and Diluted 4,259,505 4,092,839 4,259,505 4,092,839