Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
Sep. 30, 2011	Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (138,544,003)	$ 315,448
Adjustments to reconcile net income to net cash provided by operating activities:
Income from discontinued operations	(11,899,714)	(7,231,448)
Depreciation and amortization	43,125	48,044
Interest expense	3,551,022	2,203,132
Loss on sale of Emir Oil	127,147,771	0
Loss on disposal of fixed assets	0	(203)
Stock based compensation expense	0	833,650
Changes in operating assets and liabilities
Decrease/(increase) in prepaid expenses and other assets	6,598	(86,361)
Decrease/(increase) in accounts payable	(473,570)	116,839
Increase in taxes payable and accrued liabilities	7,832,196	107,349
Net cash used in operating activities - continuing operations	(12,336,575)	(3,693,550)
Net cash provided by operating activities - discontinued operations	33,067,626	18,330,629
Net cash provided by operating activities	20,731,051	14,637,079
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in short term notes receivable	(66,150)	0
Purchase and development of oil and gas properties	0	3,278,569
Proceed from sale of Emir Oil	159,601,000	0
Purchase of other fixed assets	(153,308)	(12,900)
Net cash used in investing activities - continuing operations	159,381,542	3,265,669
Net cash used in investing activities - discontinued operations	(23,126,407)	(15,704,190)
Net cash provided by/(used in) investing activities	136,255,135	(12,438,521)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment from redemption of convertible notes	(61,400,000)	0
Cash paid for convertible notes coupon	(4,546,796)	(1,500,000)
Intercompany advances	6,303,531	1,955,542
Net cash provided by/(used in) financing activities - continuing operations	(59,643,265)	455,542
Net cash used in financing activities - discontinued operations	(6,623,936)	(2,042,022)
Net cash used in financing activities	(66,267,201)	(1,586,480)
NET CHANGE IN CASH AND CASH EQUIVALENTS	90,718,985	612,078
NET CHANGE IN CASH AND CASH EQUIVALENTS from discontinuing operations	3,317,283	584,417
NET CHANGE IN CASH AND CASH EQUIVALENTS from continuing operations	87,401,702	27,661
CASH AND CASH EQUIVALENTS at beginning of period	426,045	2,992,392
CASH AND CASH EQUIVALENTS at end of period	$ 87,827,747	$ 3,020,053

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- Definition

The net cash from (used in) the entity's continuing operations. This element specifically EXCLUDES the cash flows derived by the entity from its discontinued operations, if any. This element is only to be used when the entity reports its cash flows attributable to discontinued operations separately from the cash flow provided by or used in operating activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.

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- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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-Publisher FASB

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-Name Regulation S-X (SX)

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- Definition

The cash outflow to acquire an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics.

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-Glossary Investing Activities

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- Definition

The cash outflow to purchase of mineral interests in oil and gas properties for use in the normal oil and gas operations and not intended for resale.

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- Definition

The cash outflow for acquisition of or capital improvements of property, plant and equipment, used to produce goods or deliver services, and not otherwise defined in the taxonomy.

+ References

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- Definition

The cash outflow for a borrowing supported by a written promise to pay an obligation.

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-Publisher FASB

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-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.

+ References

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