CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ 10,815,350	$ (1,703,810)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion and accretion	198,850	180,504
Loss on disposal of property and equipment	13,016	0
Net gain on settlement of debt	0	(34,860)
Gain on litigation settlements	(89,305)	0
Change in value of warrant liability	(34,396)	(2,550,434)
Stock compensation expense	467,954	1,143,396
Amortization of financing fees	90,371	97,869
Amortization of loan discount	1,743,272	564,319
Changes in assets and liabilities:
Trade and other receivables	(202,607)	(165,197)
Short term notes receivable	37,899	(28,484)
Inventory	7,058	(486)
Prepaid expenses and other assets	(81,155)	90,496
Accounts payable and accrued expenses	361,575	165,149
Accrued interest	198,534	470,101
Net cash used in operating activities	(1,853,739)	(1,708,009)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas properties	(850,150)	(1,328,276)
Additions to equipment	(65,976)	(141,936)
Net cash used in investing activities	(916,126)	(1,470,212)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash held in escrow	367,554	2,750,000
Proceeds from Regulation S offering	1,931,846	0
Common stock receivable	0	2,370
Net cash provided by financing activities	2,299,400	2,752,370
NET DECREASE IN CASH	(470,465)	(425,851)
CASH, beginning of year	483,578	455,233
CASH, end of year	13,113	29,382
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest	340,380	198,205
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
Iroquois [Member]
Adjustments to reconcile net loss to net cash used in operating activities:
Change in value of warrant liability	(4,433,722)	1,196,503
Change in value of derivative liability	(4,262,320)	(1,133,075)
ABG [Member]
Adjustments to reconcile net loss to net cash used in operating activities:
Change in value of warrant liability	$ (6,684,113)	$ 0