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Consolidated Balance Sheets (Unaudited) - USD ($)
Jul. 31, 2016
Apr. 30, 2016
Current Assets:    
Cash and cash equivalents $ 2,822,561 $ 774,751
Certificate of deposit - restricted 80,803 80,803
Accounts receivable - oil and gas 0 903
Accounts receivable - related party 2,664,931 4,829,693
Accrued interest on notes receivable - related party 311,912 170,653
Real estate - held for sale 2,370,471 2,820,402
Prepaid expenses and other current assets 91,834 24,967
Prepaid oil and gas development costs 174,280 844,131
Total Current Assets 8,516,792 9,546,303
Oil and gas assets, full cost method    
Costs subject to amortization, net 785,016 778,226
Costs not being amortized, net 861,444 100,000
Property, plant and equipment, net of accumulated depreciation of $308,414 and $308,223 2,150 2,341
Notes receivable - related party 20,795,129 17,848,000
Investment in Horizon Energy Partners 1,213,000 0
Other assets 28,132 53,778
Total Other Assets 23,684,871 18,782,345
Total Assets 32,201,663 28,328,648
Current Liabilities:    
Accounts payable and accrued expenses 166,972 206,780
Deferred tax liability 2,689,126 2,501,209
Notes payable - related party 0 1,600,000
Asset retirement obligations, current portion 406,403 561,958
Total Current Liabilities 3,262,501 4,869,947
Long-term liabilities:    
Asset retirement obligations 144,286 201,104
Total Long-term Liabilities 144,286 201,104
Total Liabilities 3,406,787 5,071,051
Equity:    
Preferred shares 0 0
Common shares - 150,000,000 authorized; par value $0.00001; 15,827,997 and 4,263,748 issued and outstanding 158 43
Additional paid-in capital 45,652,554 38,849,655
Accumulated deficit (28,956,829) (27,643,419)
Total Petro River Oil Corp. Equity 16,695,883 11,206,279
Non-controlling interest 12,098,993 12,051,318
Total Equity 28,794,876 23,257,597
Total Liabilities and Equity 32,201,663 28,328,648
Preferred B Shares [Member]    
Equity:    
Preferred shares $ 0 $ 0