Fair Value of Acquired Assets and Liabilities (Tables)

9 Months Ended

Dec. 31, 2012

Fair Value Of Acquired Assets And Liabilities Tables

Assets acquired and liabilities assumed at estimated fair values - TBO Oil & Gas, LLC

Proved oil and gas properties	$	1,204,760
Accounts receivable		72,346
Total assets acquired		1,277,106
Accounts payable		(46,346	)
Asset retirement obligations assumed		(80,760	)
Net purchase price	$	1,150,000