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Asset Retirement Obligations (Tables)
3 Months Ended
Jul. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Changes to Asset Retirement Obligation

Changes to the asset retirement obligation were as follows:

 

   

July 31,

2016

   

April 30,

2016

 
Balance, beginning of period   $ 763,062     $ 918,430  
Disposals     (216,580 )     (207,827 )
Accretion     4,207       52,459  
      550,689       763,062  
Less: Current portion for cash flows expected to be incurred within one year     (406,403 )     (561,958 )
Long-term portion, end of period   $ 144,286     $ 201,104  

 

Schedule of Expected Timing of Asset Retirement Obligations

Expected timing of asset retirement obligations:

 

Year Ending April 30,      
2017 (remainder of year)   $  406,403  
2018     -  
2019     -  
2020     -  
2021     -  
Thereafter     229,287  
Subtotal     635,690  
Effect of discount     (85,001 )
Total   $ 550,689