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6. DISCONTINUED OPERATIONS AND SALE OF EMIR OIL (Tables)

9 Months Ended

Dec. 31, 2012

Discontinued Operations And Sale Of Emir Oil Tables

Components Of Discontinued Operations

	Three months ended						Nine months ended
	December 31, 2012			December 31, 2011			December 31, 2012			December 31, 2011
Revenue	$	-		$	-		$	-		$	41,633,064
Operating expenses		-			-			-			29,914,188
Other income		-			-			-			(180,838)
Discontinued operations	$	-		$	-		$	-		$	11,899,714

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- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References

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-Name Accounting Standards Codification

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-Name Accounting Standards Codification

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 43, 44, 45, 47, 48

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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