CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
OPERATING REVENUES:
Oil and gas sales	$ 159,710	$ 236,915	$ 482,706	$ 264,475
OPERATING COSTS AND EXPENSES:
Production and operating	75,003	213,573	309,197	383,564
Depreciation, depletion and accretion	41,933	62,274	106,414	76,305
General and administrative	804,283	717,498	1,667,535	2,320,426
Total operating costs and expenses	921,219	993,345	2,083,146	2,780,295
LOSS FROM OPERATIONS	(761,509)	(756,430)	(1,600,440)	(2,515,820)
OTHER INCOME (EXPENSE):
Gain on cancellation of indebtedness	0	0	0	34,860
Loss on sale of property and equipment	0	0	(7,946)	0
Interest income	162	10,481	196	20,339
Interest expense	(699,276)	(367,555)	(1,325,021)	(707,901)
Other	0	0	89,305	0
Change in value of warrant liability	702	(191,777)	32,776	1,613,263
Total other income (expense)	9,398,881	(2,137,277)	11,506,683	1,472,482
NET INCOME (LOSS)	8,637,372	(2,893,707)	9,906,243	(1,043,338)
BASIC EARNINGS (LOSS) PER COMMON SHARE
Net income (loss) (in dollars per share)	$ 0.28	$ (0.17)	$ 0.35	$ (0.06)
Weighted average number of shares outstanding (in shares)	31,262,837	17,249,797	28,633,356	17,110,623
DILUTED EARNINGS (LOSS) PER COMMON SHARE
Net income (loss) (in dollars per share)	$ 0.16	$ (0.17)	$ 0.18	$ (0.06)
Weighted average number of shares outstanding (in shares)	55,112,738	17,249,797	54,624,937	17,110,623
Iroquois [Member]
OTHER INCOME (EXPENSE):
Change in value of warrant liability	3,970,957	(1,162,554)	4,337,538	(228,205)
Change in value of derivative liability	2,529,118	(425,872)	3,239,999	740,126
Abg [Member]
OTHER INCOME (EXPENSE):
Change in value of warrant liability	$ 3,597,218	$ 0	$ 5,139,836	$ 0