CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ 9,906,243	$ (1,043,338)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion and accretion	106,414	76,305
Loss on disposal of property and equipment	7,946	0
Net gain on settlement of debt	0	(34,860)
Gain on litigation settlements	(89,305)	0
Change in value of warrant liability	(32,776)	(1,613,263)
Stock compensation expense	311,999	1,103,794
Amortization of financing fees	60,844	65,894
Amortization of loan discount	992,431	321,262
Changes in assets and liabilities:
Trade and other receivables	88,505	(178,776)
Short term notes receivable	37,899	(18,520)
Inventory	(79,232)	(30,302)
Prepaid expenses and other assets	(65,652)	(26,622)
Accounts payable and accrued expenses	(221,156)	137,472
Accrued interest	(5,064)	274,781
Net cash used in operating activities	(1,698,277)	(1,478,094)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas properties	(805,046)	(1,038,838)
Additions to equipment	(56,130)	(123,647)
Net cash used in investing activities	(861,176)	(1,162,485)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash held in escrow	367,554	2,200,000
Proceeds from Regulation S offering	1,921,810	0
Common stock receivable	0	1,558
Net cash provided by financing activities	2,289,364	2,201,558
NET DECREASE IN CASH	(270,089)	(439,021)
CASH, beginning of year	483,578	455,233
CASH, end of year	213,489	16,212
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest	464,512	126,183
Taxes	0	0
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Stock issued for conversion of debt	191,405	0
Warrant cancellations and terminations	0	292,331
Warrant reclassified to equity	627,367	0
ABG [Member]
Adjustments to reconcile net loss to net cash used in operating activities:
Change in value of warrant liability	(5,139,836)	0
Iroquois [Member]
Adjustments to reconcile net loss to net cash used in operating activities:
Change in value of warrant liability	(4,337,538)	228,205
Change in value of derivative liability	$ (3,239,999)	$ (740,126)