Consolidated Balance Sheets (USD $)	Mar. 31, 2012	Mar. 31, 2011
Assets
Cash and cash equivalents	$ 114,533	$ 311,802
Accounts receivable	33,958	15,258
Notes receivable	9,286	7,857
Deposits and prepaid expenses	160,000	0
Receivables from joint interests, net of allowance, for doubtful accounts of $135,727 and $178,922	20,000	6,070
Total current assets	337,777	340,987
Notes receivable - Long Term	20,000	29,286
Property and equipment, net	1,033	7,882
Unproven oil and gas properties	1,867,183	1,867,183
Producing oil and gas properties, net	208,281	231,720
Intellectual property rights, net	180,986	223,574
Total Assets	2,615,260	2,700,632
Liabilities and stockholders' equity
Accounts payable and accrued liabilities	581,380	580,506
Accrued payroll - related parties	196,365	185,200
Dividends payable to related party	35,450	48,200
Accrued liabilities to joint interest	12,547	14,532
Notes payable- related party	15,000	0
Notes payable, net of discount	620,931	449,262
Total current liabilities	1,461,673	1,277,700
Long Term Notes payable, net of discount	474,500	296,550
Accrued asset retirement obligation (ARO) liability	91,094	79,454
Total Liabilities	2,027,267	1,653,704
Commitments and contingencies
Stockholders' equity
Preferred stock, Series A, $.10 par value, 1,000,000 shares authorized; 100 shares issued and outstanding stated at redemption value	500,000	500,000
Common stock, $.001 par value: 3,000,000,000 shares authorized 767,575,108 and 479,556,004 shares issued and outstanding at March 31, 2012 and March 31, 2011, respectively	767,575	479,556
Additional paid-in capital - Common stock	28,543,934	28,413,734
Common stock subscribed	0	140,000
Accumulated deficit	(29,223,516)	(28,486,362)
Total stockholder's equity	587,993	1,046,928
Total Liabilities and Stockholders' Equity	$ 2,615,260	$ 2,700,632