CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Net Operating Revenues
Crude Oil	$ 5,182,087	$ 2,984,504
Natural Gas	76,374	37,581
Total	5,258,461	3,022,085
Operating Expenses
Lease Operating Expenses	4,289,672	1,700,576
Severance and Property Taxes	316,307	202,709
Depreciation, Depletion, Amortization and Accretion	2,008,235	1,291,581
General and Administrative (including Share-Based Compensation of $423,992 and $1,130,070, respectively)	5,630,016	4,064,001
Total	12,244,230	7,258,867
Operating Loss	(6,985,769)	(4,236,782)
Other Income (Expense), Net	17,469	(21,356)
Interest Expense	(633,182)	(262,144)
Net Loss	$ (7,601,482)	$ (4,520,282)
Net Loss Per Share
Basic and Diluted	$ (0.41)	$ (0.31)
Weighted Average Number of Common Shares Outstanding
Basic and Diluted	18,676,186	14,378,705