T-rex Oil 10-K 20 Jun 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Mar. 31, 2014	Jun. 16, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Rancher Energy Corp.	'
Entity Central Index Key	'0001287900	'
Document Type	'10-K	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--03-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Public Float	'	$717,616
Entity Common Stock, Shares Outstanding	'	119,862,791
Document Fiscal Period Focus	'FY	'
Document Fiscal Year Focus	'2014	'

Balance_Sheets

Balance Sheets (USD $)	Mar. 31, 2014	Mar. 31, 2013
Current Assets:	'	'
Cash and cash equivalents	$344,098	$2,076,720
Other	36,768	37,749
Total current assets	380,866	2,114,469
Assets held for sale	1,142,237	0
Furniture and equipment, net of accumulated depreciation of $232,108 and $198,844 respectively	105,574	138,838
Deposits and other assets	100,000	200,000
Total other assets	205,574	338,838
Total assets	1,728,677	2,453,307
Current liabilities	'	'
Accounts payable and accrued liabilities	49,583	15,000
Total current liabilities	49,583	15,000
Total liabilities	49,583	15,000
Stockholders' Equity	'	'
Common stock, $0.00001 par value; 275,000,000 shares authorized, 119,862,791 and 119,862,791 shares issued and outstanding at March 31, 2014 and 2013, respectively	1,200	1,200
Additional paid-in capital	93,209,942	93,205,016
Accumulated deficit	-91,532,048	-90,767,909
Total stockholders' equity	1,679,094	2,438,307
Total liabilities and stockholders' equity	$1,728,677	$2,453,307

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Statement of Financial Position [Abstract]	'	'
Furniture and equipment, accumulated depreciation	$232,108	$198,844
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	275,000,000	275,000,000
Common stock, shares issued	119,862,791	119,862,791
Common stock, shares outstanding	119,862,791	119,862,791

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Income Statement [Abstract]	'		'
Revenue	$0		$0
Operating expenses:	'		'
General and administrative expenses	733,788		531,241
Depreciation and amortization	33,264		33,846
Total operating expenses	767,052		565,087
(Loss) from operations	-767,052		-565,087
Other income (expense):	'		'
Interest expense and financing costs	0		47,236
Interest and other income	2,913		350,494
Total other income	2,913		397,730
(Loss) before reorganization items	-764,139		-167,357
Reorganization items:	'		'
Loss on settlement	0		25,000
Professional and other costs, net	0		22,274
Total reorganization items	0		47,274
Net (loss)	($764,139)		($214,631)
Basic and diluted net (loss) per share	$0	[1]	$0	[1]
Basic and diluted weighted average shares outstanding	119,862,791		119,565,072
[1]	* Less than $0.01 per share

Statement_of_Changes_in_Stockh

Statement of Changes in Stockholders' Equity (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Amount at Mar. 31, 2013	$1,200	$93,205,016	($90,767,909)	$2,438,307
Beginning Balance, Shares at Mar. 31, 2013	119,862,791	'	'	'
Stock based compensation	0	4,926	0	4,926
Net (loss) for the period	0	0	-764,139	-764,139
Ending Balance, amount at Mar. 31, 2014	$1,200	$93,209,942	($91,532,048)	$1,679,094
Ending Balance, Shares at Mar. 31, 2014	119,862,791	0	0	'

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows used in operating activities:	'	'
Net (loss)	($764,139)	($214,631)
Adjustments to reconcile net (loss) to cash used in operating activities, before reorganization items:	'	'
Reorganization items, net	0	-47,274
Stock based compensation	4,926	0
Depreciation and amortization	33,264	33,846
Changes in operating assets and liabilities:	'	'
Other	981	296,313
Accounts payable and accrued liabilities	34,583	-434,224
Net cash used in operating activities, before reorganization items	-690,385	-365,970
Payments for reorganization items -	'	'
Professional and other costs rendered in connection with the Chapter ll proceeding	0	-1,175,539
Net cash used in operating activities	-690,385	-1,541,509
Cash flows used in investing activities:	'	'
Additions to assets held for sale	-1,142,237	0
Refund of deposits	100,000	0
Net cash used in investing activities	-1,042,237	0
Cash flows from (used in) financing activities:	0	0
Discontinued operations:	'	'
Cash flows provided by discontinued operating activities	0	388,371
Cash flows provided by discontinued investing activities	0	0
Cash flows provided by discontinued financing activities	0	0
Net cash provided by discontinued operations	0	388,371
(Decrease) in cash and cash equivalents	-1,732,622	-1,153,138
Cash and cash equivalents, beginning of period	2,076,720	3,229,858
Cash and cash equivalents, end of period	344,098	2,076,720
SUPPLEMENTAL SCHEDULE OF CASHFLOW INFORMATION	'	'
Cash paid for interest	0	0
Cash paid for taxes	$0	$0

Business_Organization

Business Organization	12 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Business Organization	'
	Note 1 – Business Organization
	Organization
	Rancher Energy Corp. (“Rancher Energy” or the “Company”) formerly known as Metalex Resources, Inc. (“Metalex”) was incorporated in Nevada on February 4, 2004.
	Metalex was formed for the purpose of acquiring, exploring and developing mining properties. On April 18, 2006, the stockholders of Metalex voted to change its name to Rancher Energy Corp. and announced that it changed its business plan and focus from mining to oil and gas.
	Bankruptcy Filing
	On October 28, 2009, the Company filed a voluntary petition (the “Petition”) for relief in the United States Bankruptcy Court, District of Colorado (the “Bankruptcy Court”) under Chapter 11 of Title 11 of the U.S. Bankruptcy Code (the “Bankruptcy Code”). The Company continued to operate its business as “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Code and orders of the Bankruptcy Court until its plan of reorganization (the “Plan”) was approved by the Bankruptcy Court and the Company was discharged from bankruptcy on its effective date of September 28, 2012. See Note 3 – Proceedings Under Chapter 11 of the Bankruptcy Code.
	Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 852 "Financial Reporting During Reorganization Proceedings," which is applicable to companies in Chapter 11, generally does not change the manner in which financial statements are prepared.  However, it does require that the financial statements for periods subsequent to the filing of a Chapter 11 case distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business.  Revenues, expenses, realized gains and losses, and provisions for losses that can be directly associated with the reorganization and restructuring of the business must be reported separately as reorganization items in the statements of operations. The balance sheet must distinguish Prepetition liabilities subject to compromise from both those Prepetition liabilities that are not subject to compromise and from post-petition liabilities.  Liabilities that may be affected by a plan of reorganization must be reported at the amounts expected to be allowed, even if they may settled for lesser amounts.  In addition, cash provided by reorganization items, if any, must be disclosed separately in the statement of cash flows.  The Company adopted ASC 852-10 effective on October 28, 2010 and will segregate those items as outlined above for all activity prior to September 28, 2012.
	As the Company emerged from bankruptcy, it reviewed the use of “Fresh-start” accounting and determined that pursuant with ASC 852, the Company does not qualify to use the provisions of “Fresh-start” accounting. The Company’s voting stockholders immediately before the confirmation date do not own less than 50% of the voting shares of the emerging entity.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Note 2 – Summary of Significant Accounting Policies
	Use of Estimates in the Preparation of Financial Statements
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	The Company considers all liquid investments purchased with an initial maturity of three months or less to be cash equivalents. Cash and cash equivalents include demand deposits and money market funds carried at cost which approximates fair value. The Company maintains its cash in institutions insured by the Federal Deposit Insurance Corporation (“FDIC”). At March 31, 2014, the Company had $94,098 in cash deposits in excess of FDIC insured limits.
	Property and Equipment
	Property and equipment, such as office furniture and equipment, and computer hardware and software, are recorded at cost. Costs of renewals and improvements that substantially extend the useful lives of the assets are capitalized. Maintenance and repair costs are expensed when incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets from three to seven years. When other property and equipment is sold or retired, the capitalized costs and related accumulated depreciation are removed from their respective accounts. Depreciation expense for the years ended March 31, 2014 and 2013 was $33,264 and $33,846, respectively.
	Fair Value of Financial Instruments
	The Company’s financial instruments, including cash and cash equivalents, accounts receivable, and accounts payable, are carried at cost, which approximates fair value due to the short-term maturity of these instruments.
	Revenue Recognition
	The Company currently has no revenue from operations although during the years ended March 31, 2014 and 2013, the Company did have Other Income. During the years 2014 and 2013 a nominal amount of interest received from financial institutions for funds on deposit and for 2013 Other Income also represented payments received for the resale of carbon dioxide under a supply and sales agreement that expired in December 2012.
	Income Taxes
	The Company uses the liability method of accounting for income taxes under which deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the accounting bases and the tax bases of the Company’s assets and liabilities. The deferred tax assets and liabilities are computed using enacted tax rates in effect for the year in which the temporary differences are expected to reverse.
	The Company adopted the provisions of ASC 740, “Income Taxes” on April 1, 2007. FASB ASC 740 provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements. Tax positions must meet a “more-likely-than-not” recognition threshold at the effective date to be recognized upon the adoption of FASB ASC 740 and in subsequent periods. The adoption of ASC 740 had an immaterial impact on the Company’s financial position and did not result in unrecognized tax benefits being recorded. Subsequent to adoption, there have been no changes to the Company’s assessment of uncertain tax positions. Accordingly, no corresponding interest and penalties have been accrued. The Company’s policy is to recognize penalties and interest, if any, related to uncertain tax positions as general and administrative expense. The Company files income tax returns in the U.S. Federal jurisdiction and various states.
	Net (Loss) per Share
	Basic net (loss) per common share of stock is calculated by dividing net (loss) available to common stockholders by the weighted-average number of common shares outstanding during each period.
	Diluted net (loss) per common share is calculated by dividing net (loss) by the weighted-average number of common shares outstanding, including the effect of other dilutive securities. The Company’s potentially dilutive securities consist of in-the-money outstanding options to purchase the Company’s common stock. Diluted net loss per common share does not give effect to dilutive securities as their effect would be anti-dilutive.
	The treasury stock method is used to measure the dilutive impact of stock options. The following table details the weighted-average dilutive and anti-dilutive securities related to stock options for the periods presented:
			For the Year Ended
			March 31,
			2014		2013
		Dilutive		—		—
		Anti-dilutive		9,971,233		1,507,171
	Stock options were not considered in the detailed calculations as their effect would be anti-dilutive.
	Share-Based Compensation
	The Company recognizes compensation cost for stock-based awards based on estimated fair value of the award and records compensation expense over the requisite service period. See Note 7 - Share-Based Compensation.
	Going Concern and Managements’ Plans
	As shown in the accompanying financial statements for the period ended March 31, 2014, the Company has reported an accumulated deficit of approximately $91.5 million. At March 31, 2014, the Company has current assets of $380,866, including cash and cash equivalents of $344,098 and current liabilities of $49,583 but has no operations.
	To the extent the Company’s current assets are not sufficient to fund the Company’s capital and current growth requirements the Company will attempt to raise needed funds through debt or equity. At the present time, the Company cannot provide assurance that it will be able to raise necessary funds. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, however, the above conditions raise substantial doubt about the Company’s ability to do so. The financial statements do not include any adjustment to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.
	Comprehensive Income (Loss)
	The Company does not have revenue, expenses, gains or losses that are reflected in equity rather than in results of operations. Consequently, for all periods presented, comprehensive (loss) is equal to net (loss).
	Major Customers
	The Company’s only source of income was from a carbon dioxide resale contract that expired in December 2012 and was reported as other income in the statement of operations for the fiscal year ended March 31, 2013. The Company had no oil and gas operations during the years ended March 31, 2014 and 2013, and no customers or billings as a result.
	Off-Balance Sheet Arrangements
	As part of its ongoing business, the Company has not participated in transactions that generate relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities (SPEs), which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes. From its incorporation on February 4, 2004 through March 31, 2013, the Company has not been involved in any unconsolidated SPE transactions.
	Reclassification
	Certain amounts in the prior period financial statements have been reclassified to conform to the current period financial statement presentation. Such reclassifications had no effect on the Company’s net income (loss).
	Recent Accounting Pronouncements
	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.
	Subsequent Events
	The Company evaluates events and transactions after the balance sheet date but before the financial statements are issued.

Proceedings_Under_Chapter_11_o

Proceedings Under Chapter 11 of the United States Bankruptcy Code	12 Months Ended
	Mar. 31, 2014
Reorganizations [Abstract]	'
Proceedings Under Chapter 11 of the United States Bankruptcy Code	'
	Note 3 – Proceedings under Chapter 11 of the United States Bankruptcy Code
	On October 28, 2009, the Company filed a Petition for relief under Chapter 11 of the Bankruptcy Code with the Bankruptcy Court. The Petition was filed in order to enable the Company to pursue reorganization efforts under Chapter 11 of the Bankruptcy Code. The Company continued to operate its business as “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Code and orders of the Bankruptcy Court until its Plan was approved by the Bankruptcy Court and the Company was discharged from bankruptcy on its effective date of September 28, 2012. In general, as debtor-in-possession, the Company was authorized under Chapter 11 to continue to operate as an ongoing business, but could not engage in transactions outside of the ordinary course of business without the prior approval of the Bankruptcy Court.
	To exit Chapter 11 bankruptcy, the Company proposed and obtained Bankruptcy Court confirmation of a plan of reorganization that satisfied the requirements of the Bankruptcy Code. The plan of reorganization, among other things, resolved the Debtors' Prepetition obligations, set forth the revised capital structure of the newly reorganized entity, and provided for corporate governance subsequent to exit from bankruptcy. The plan of reorganization was accepted by classes of holders of impaired claims and equity interests. As approved, the Plan required the Company to pay the claims of its creditors as the assets of the Company allowed and permitted, but did not obligate the Company to continue in the oil and gas industry with a focus on the purchase on non-operating interests in oil and gas producing properties. On September 10, 2012, the Bankruptcy Court approved the Plan and the Company was discharged from bankruptcy on its effective date of September 28, 2012.
	The adverse publicity associated with the bankruptcy filing and the resulting uncertainty regarding the Company's future prospects could hinder the Company's ongoing business activities and its ability to operate, fund and execute its Plan by impairing relations with property owners and potential lessees, vendors and service providers; negatively impacting the ability of the Company to attract, retain and compensate key executives and employees and to retain employees generally; limiting the Company's ability to obtain trade credit; and limiting the Company's ability to maintain and exploit existing properties and acquire and develop new properties.
	Reorganization Items
	Reorganization items represent the direct and incremental costs related to the Company's Chapter 11 case, such as professional fees incurred, net of interest income earned on accumulated cash during the Chapter 11 process. These were recognized in the year ended March 31, 2013; the Company recognized no such items in the year ended March 31, 2014.

Assets_Held_for_Sale

Assets Held for Sale	12 Months Ended
	Mar. 31, 2014
Property, Plant and Equipment [Abstract]	'
Assets Held for Sale	'
	Note 4 – Assets Held for Sale
	On October 3, 2013, the Company entered into a Participation Agreement with PetroShare Corp., a privately-held Colorado corporation not affiliated with the Company (“PetroShare”), for the purposes of drilling at least one and up to two oil and/or gas wells to test the Niobrara formation to a depth of approximately 7,850 feet total vertical depth in Moffatt County, Colorado. The estimated cost for drilling the first well (Kowach 3-25) was $1,824,460 ($547,338 net to the Company) and if warranted an additional $471,772 for completion ($141,517 to the Company). The estimated cost for drilling the second well (Voloshin 3-25) was $1,982,998 ($549,899 net to the Company) and if warranted an additional $474,247 for completion ($142,274 to the Company). PetroShare is the operator of the wells and two other companies, not affiliated with the Company or PetroShare, were also participating in the well.
	During the year ended March 31, 2014, the Company paid a total of $1,142,237 to PetroShare for (1) its share of the costs of drilling the first well and second well in exchange for a 30% working interest (25.309% net revenue interest) in each well subject to a reduction of the working interest to 25% (and a proportional reduction of the net revenue interest) if the Company and PetroShare did not complete a business combination as reflected below in Note 5 and (2) a deposit with PetroShare for costs relating to completion of the wells. As set forth in ASC 360, these costs in the amount of $1,142,237 have been recorded on the balance sheet at March 31, 2014 as Assets Held for Sale.
	It is important to note that Rancher will not be selling or transferring these oil and gas assets. Rancher does not have a direct ownership interest in the leases since no assignment was made to Rancher. Rancher’s only interest in the leases is through the Participation Agreement, under which a dispute has been raised. If the settlement agreement is completed as contemplated (see Note 12, Subsequent Events), Rancher will be deemed to have withdrawn from the Participation Agreement. If completed as contemplated, Rancher’s board of directors does not consider this to be the sale of all or substantially all of Rancher’s assets.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Note 5 – Commitments and Contingencies
	Bankruptcy Proceedings
	On October 28, 2009, the Company filed a Petition for reorganization under Chapter 11 in the United States Bankruptcy Court for the District of Colorado. The Company continued to operate its business as “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Code and orders of the Bankruptcy Court until its Plan was approved by the Bankruptcy Court and became effective September 28, 2012. All pending or threatened litigation or claims involving the Company were automatically stayed as a result of the bankruptcy filing, and all such claims subject to compromise or modification through the terms of any plan of reorganization filed by the Company in the bankruptcy proceedings. On September 10, 2012, the Bankruptcy Court approved the Plan and the Company was discharged from bankruptcy on its effective date of September 28, 2012. See Note 3 - Proceedings Under Chapter 11 of the United States Bankruptcy Code.
	Litigation
	A group of persons who purchased $1,776,750 of securities as part of the Company’s private placement offering filed suit in 2009 against the Company alleging that securities laws were violated. Subsequently, these cases were dismissed and the Company entered into tolling agreements with these stockholders to toll the statutes of limitations applicable to any claims related to the private placement. These stockholders filed a proof of claim with the Bankruptcy Court in the amount of $1,776,050 plus ancillary amounts purported to be damages attributable to the alleged securities violations and in June 2011 the Bankruptcy Court found that these claims were subordinated to unsecured claims, as such they were settled as part of the Plan approved by the Bankruptcy Court in September 2012.These claims are covered under the Company’s D&O insurance policy and at March 31, 2014 no claims have been filed by these stockholders.
	Business Combination
	In October 2013, The Company and PetroShare entered into a non-binding letter of intent by which the two parties were negotiating and pursuing a business combination. On March 12, 2014, PetroShare notified Rancher that PetroShare terminated the letter of intent and all negotiation with respect to the business combination. As a result of this termination, both parties have made certain allegations to each other relating to the costs and actions surrounding the drilling and completion of the Kowach 3-25 and Voloshin 3-25 wells. See Note 12 – Subsequent Events.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Stockholders' Equity	'
	Note 6 – Stockholders’ Equity
	The Company’s capital stock at March 31, 2014 and 2013 consists of 275,000,000 authorized shares of common stock, par value $0.00001 per share. At March 31, 2014 and 2013, a total of 119,862,791 and 119,862,791 shares of common stock were issued and outstanding, respectively.
	Issuance of Common Stock
	During the year ended March 31, 2013 the Company issued 546,068 shares of common stock as compensation for cancellation of 54,632,565 warrants. See Note 6 – Warrants.
	Warrants
	As part of the Plan approved by the Bankruptcy Court, warrant holders holding 54,632,565 warrants exercisable for shares of the Company's common stock are to be cancelled and the holders of these warrants will receive one share of the Company's common stock for every 100 shares of common stock the warrant holder would have been entitled to if the warrants were exercised. Therefore, the Company issued 546,068 shares of common stock to the warrant holders during October 2012 valued at $12,014 or $0.022 per share that was recorded as part of “Reorganization items – Professional and other costs, net” in the statement of operations for the year ended March 31, 2013.

ShareBased_Compensation

Share-Based Compensation	12 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Share-Based Compensation	'
	Note 7 – Share-Based Compensation
	Share-based awards to employees and directors are accounted for under ASC 718 “share-based payments”. ASC 718 requires companies to recognize share-based payments to employees as compensation expense using a fair value method. Under the fair value recognition provisions of ASC 718, stock-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as an expense over the service period on a straight-line basis, which generally represents the vesting period. The Company did not recognize a tax benefit from the stock compensation expense because it is more likely than not that the related deferred tax assets, which have been reduced by a full valuation allowance, will not be realized.
	The Black-Scholes option-pricing model is used to estimate the option fair values. The option-pricing model requires a number of assumptions, of which the most significant are the stock price at the valuation date, the expected stock price volatility, and the expected option term (the amount of time from the grant date until the options are exercised or expire).
	Prior to the adoption of ASC 718, the Company reflected tax benefits from deductions resulting from the exercise of stock options as operating activities in the statements of cash flows. ASC 718 requires tax benefits resulting from tax deductions in excess of compensation cost recognized for those options (excess tax benefits) be classified and reported as both an operating cash flow and a financing cash flow upon adoption of ASC 718. As a result of the Company’s net operating losses, the excess tax benefits, which would otherwise be available to reduce income taxes payable, have the effect of increasing the Company’s net operating loss carry forwards. Accordingly, because the Company is not able to realize these excess tax benefits, such benefits have not been recognized in the statements of cash flows for the years ended March 31, 2014 and 2013.
	Chief Executive Officer (CEO) and Non-Executive Director Non-Qualified Stock Option Grants
	On October 27, 2009, in conjunction with the execution of Management Retention Agreements, the Company’s CEO and each of the Company’s three non-executive directors were granted non-qualified stock options to purchase 2.5 million shares of the Company’s common stock at an exercise price of $0.035 per share. On December 3, 2013, each of the four members of the Board of Directors surrendered in aggregate to the Company their non-qualified stock options to purchase 10,000,000 shares of the Company’s common stock and on such date the Company granted to each of the four members of the Board of Directors non-qualified stock options to purchase 2,500,000 shares of the Company’s common stock at an exercise price of $.01 per share. These options are fully vested at the date of grant and expire in ten years.
	During the year ended March 31, 2013, the Company did not grant any non-qualified stock options.
	2006 Stock Incentive Plan
	On March 30, 2007, the Company’s 2006 Stock Incentive Plan (the “2006 Stock Incentive Plan”) was approved by its stockholders and became effective October 2, 2006. Under the 2006 Stock Incentive Plan, the Board of Directors may grant awards of options to purchase common stock, restricted stock, or restricted stock units to officers, employees, and other persons who provide services to the Company or any related company. The participants to whom awards are granted, the type of awards granted, the number of shares covered for each award, and the purchase price, conditions and other terms of each award are determined by the Board of Directors, except that the term of the options shall not exceed 10 years. A total of 10 million shares of the Company’s common stock are subject to the 2006 Stock Incentive Plan. The shares issued for the 2006 Stock Incentive Plan may be either treasury or authorized and unissued shares. During the years ended March 31, 2013 and 2012, no options were granted, expired or exercised under the 2006 Stock Incentive Plan.
	2013 Stock Incentive Plan
	Effective March 29, 2013, the Company’s 2013 Stock Option and Award Plan (the “2013 Stock Incentive Plan”) was approved by its Board of Directors. Under the 2013 Stock Incentive Plan, the Board of Directors may grant options or purchase rights to purchase common stock to officers, employees, and other persons who provide services to the Company or any related company. The participants to whom awards are granted, the type of awards granted, the number of shares covered for each award, and the purchase price, conditions and other terms of each award are determined by the Board of Directors, except that the term of the options shall not exceed 10 years. A total of 12 million shares of the Company’s common stock are subject to the 2013 Stock Incentive Plan. The shares issued for the 2013 Stock Incentive Plan may be either treasury or authorized and unissued shares. During the years ended March 31, 2013 and 2012, no options were granted, expired or exercised under the 2013 Stock Incentive Plan.
	The following table summarizes stock option activity for the years ended March 31, 2014 and 2013.
			2014						2013
			Number of				Weighted Average		Number of			Weighted Average
			Options				Exercise Price		Options			Exercise Price
	Outstanding at
	beginning of year
	Non-qualified			10,000,000			$	0.035		10,000,000		$	0.035
	2006 Plan			1,000,000			$	0.035		1,375,000		$	0.0875
	2013 Plan			—			$	—		—		$	—
	Granted
	Non-qualified			10,000,000			$	0.01		—		$	—
	2006 Plan			—			$	—		—		$	—
	2013 Plan			—			$	—		—		$	—
	Exercised
	Non-qualified			—			$	—		—		$	—
	2006 Plan			—			$	—		—		$	—
	2013 Plan			—			$	—		—		$	—
	Cancelled
	Non-qualified			(10,000,000	)		$	0.035		—		$	—
	2006 Plan			(1,000,000	)		$	0.035		(375,000	)	$	0.142
	2013 Plan			—			$	—		—		$	—
	Outstanding at March 31,
	Non-qualified			10,000,000			$	0.01		10,000,000		$	0.035
	2006 Plan			—			$	—		1,000,000		$	0.035
	2013 Plan			—			$	—		—		$	—
	Exercisable at March 31,
	Non-qualified			10,000,000			$	0.01		10,000,000		$	0.035
	2006 Plan			—			$	—		1,000,000		$	0.035
	2013 Plan			—			$	—		—		$	—
	The following table summarizes information for the outstanding and vested options at March 31, 2014:
					Outstanding
					and Vested Options
		Number of shares
		Non-qualified				10,000,000
		2006 Plan				—
		2013 Plan				—
		Weighted average remaining contractual life
		Non-qualified				9.97
		2006 Plan				—
		2013 Plan				—
		Weighted average exercise price
		Non-qualified			$	0.01
		2006 Plan			$	—
		2013 Plan			$	—
		Aggregate intrinsic value
		Non-qualified			$	142,857
		2006 Plan			$	—
		2013 Plan			$	—
	The aggregate intrinsic value of outstanding options is the amount by which the fair value of underlying (common) shares exceeds the exercise price of the options at the date of grant. During the year ended March 31, 2014, the intrinsic value of the non-qualified stock options granted to purchase 10,000,000 shares of common stock is $147,783 and for the year ended March 31, 2014, the Company’s stock based compensation expense is $4,926.

Income_Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Note 10 – Income Taxes
	The effective income tax rate for the years ended March 31, 2014 and 2013 differs from the U.S. Federal statutory rate due to the following:
		2014			2013
	Federal statutory income tax rate	$	267,000		$	75,000
	State income taxes, net of federal benefit		23,000			6,000
	Permanent items		—			(18,000	)
	Other, change in rate		—			251,000
	Change in valuation allowance		(290,000	)		(314,000	)
		$	—		$	—
	The components of the deferred tax assets and liabilities at March 31, 2014 and 2013 are as follows:
		2014			2013
	Long-term deferred tax assets:
	Federal net operating loss carryforwards	$	30,590,000		$	30,314,000
	Stock based compensation		824,000			824,000
	Accrued expenses		143,000			143,000
	Long-term deferred tax liabilities:
	Property, plant and equipment		(40,000	)		(54,000	)
	Valuation allowance		(31,517,000	)		(31,227,000	)
	Net long-term deferred tax assets	$	—		$	—
	The Company has net operating loss carryforwards of approximately $86,500,000 at March 31, 2014 and the Company’s net operating losses begin to expire in 2024.
	The Company has provided a full valuation allowance for the deferred tax assets at March 31, 2014 and 2013, based on the likelihood that the deferred tax assets will not be utilized in the future.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 11 – Related Party Transactions
	A director of the Company is a partner in the law firm that acts as counsel to the Company. The Company incurred legal fees and expenses to the law firm in the amount of $45,921 and $11,525 during the years ended March 31, 2014 and 2013, respectively that are included in the statement of operations. There was no amount owed to the law firm at March 31, 2014 and 2013, respectively.

Subsequent_Events

Subsequent Events	12 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 12 – Subsequent Events
	Settlement Agreement
	On May 5, 2014, the parties entered into a Settlement Agreement to settle their claims and, among other provisions, payment of $100,000 (which payment was received by Rancher on May 6, 2014). The Settlement Agreement also requires payment by PetroShare to Rancher of $1,042,237 by June 16, 2014, as well as mutual releases that become effective upon receipt of the final payment. The Settlement Agreement acknowledges that neither Rancher nor PetroShare admits any liability to the other. Rancher received the remaining $1,042,237 on June 16, 2014. Further, Rancher is not conveying any properties or assets to PetroShare but upon receipt of the final payment from PetroShare pursuant to the Settlement Agreement, Rancher acknowledged that the Participation Agreement and Rancher’s rights under the related joint operating agreement have been terminated.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Use of Estimates	'
	Use of Estimates in the Preparation of Financial Statements
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all liquid investments purchased with an initial maturity of three months or less to be cash equivalents. Cash and cash equivalents include demand deposits and money market funds carried at cost which approximates fair value. The Company maintains its cash in institutions insured by the Federal Deposit Insurance Corporation (“FDIC”). At March 31, 2014, the Company had $94,098 in cash deposits in excess of FDIC insured limits.
Property and Equipment	'
	Property and Equipment
	Property and equipment, such as office furniture and equipment, and computer hardware and software, are recorded at cost. Costs of renewals and improvements that substantially extend the useful lives of the assets are capitalized. Maintenance and repair costs are expensed when incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets from three to seven years. When other property and equipment is sold or retired, the capitalized costs and related accumulated depreciation are removed from their respective accounts. Depreciation expense for the years ended March 31, 2014 and 2013 was $33,264 and $33,846, respectively.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company’s financial instruments, including cash and cash equivalents, accounts receivable, and accounts payable, are carried at cost, which approximates fair value due to the short-term maturity of these instruments.
Revenue Recognition	'
	Revenue Recognition
	The Company currently has no revenue from operations although during the years ended March 31, 2014 and 2013, the Company did have Other Income. During the years 2014 and 2013 a nominal amount of interest received from financial institutions for funds on deposit and for 2013 Other Income also represented payments received for the resale of carbon dioxide under a supply and sales agreement that expired in December 2012.
Income Taxes	'
	Income Taxes
	The Company uses the liability method of accounting for income taxes under which deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the accounting bases and the tax bases of the Company’s assets and liabilities. The deferred tax assets and liabilities are computed using enacted tax rates in effect for the year in which the temporary differences are expected to reverse.
	The Company adopted the provisions of ASC 740, “Income Taxes” on April 1, 2007. FASB ASC 740 provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements. Tax positions must meet a “more-likely-than-not” recognition threshold at the effective date to be recognized upon the adoption of FASB ASC 740 and in subsequent periods. The adoption of ASC 740 had an immaterial impact on the Company’s financial position and did not result in unrecognized tax benefits being recorded. Subsequent to adoption, there have been no changes to the Company’s assessment of uncertain tax positions. Accordingly, no corresponding interest and penalties have been accrued. The Company’s policy is to recognize penalties and interest, if any, related to uncertain tax positions as general and administrative expense. The Company files income tax returns in the U.S. Federal jurisdiction and various states.
Net (Loss) per Share	'
	Net (Loss) per Share
	Basic net (loss) per common share of stock is calculated by dividing net (loss) available to common stockholders by the weighted-average number of common shares outstanding during each period.
	Diluted net (loss) per common share is calculated by dividing net (loss) by the weighted-average number of common shares outstanding, including the effect of other dilutive securities. The Company’s potentially dilutive securities consist of in-the-money outstanding options to purchase the Company’s common stock. Diluted net loss per common share does not give effect to dilutive securities as their effect would be anti-dilutive.
	The treasury stock method is used to measure the dilutive impact of stock options. The following table details the weighted-average dilutive and anti-dilutive securities related to stock options for the periods presented:
			For the Year Ended
			March 31,
			2014		2013
		Dilutive		—		—
		Anti-dilutive		9,971,233		1,507,171
	Stock options were not considered in the detailed calculations as their effect would be anti-dilutive.
Share-Based Compensation	'
	Share-Based Compensation
	The Company recognizes compensation cost for stock-based awards based on estimated fair value of the award and records compensation expense over the requisite service period. See Note 7 - Share-Based Compensation.
Going Concern and Managements' Plans	'
	Going Concern and Managements’ Plans
	As shown in the accompanying financial statements for the period ended March 31, 2014, the Company has reported an accumulated deficit of approximately $91.5 million. At March 31, 2014, the Company has current assets of $380,866, including cash and cash equivalents of $344,098 and current liabilities of $49,583 but has no operations.
	To the extent the Company’s current assets are not sufficient to fund the Company’s capital and current growth requirements the Company will attempt to raise needed funds through debt or equity. At the present time, the Company cannot provide assurance that it will be able to raise necessary funds. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, however, the above conditions raise substantial doubt about the Company’s ability to do so. The financial statements do not include any adjustment to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.
Comprehensive Income (Loss)	'
	Comprehensive Income (Loss)
	The Company does not have revenue, expenses, gains or losses that are reflected in equity rather than in results of operations. Consequently, for all periods presented, comprehensive (loss) is equal to net (loss).
Major Customers	'
	Major Customers
	The Company’s only source of income was from a carbon dioxide resale contract that expired in December 2012 and was reported as other income in the statement of operations for the fiscal year ended March 31, 2013. The Company had no oil and gas operations during the years ended March 31, 2014 and 2013, and no customers or billings as a result.
Off-Balance Sheet Arrangements	'
	Off-Balance Sheet Arrangements
	As part of its ongoing business, the Company has not participated in transactions that generate relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities (SPEs), which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes. From its incorporation on February 4, 2004 through March 31, 2013, the Company has not been involved in any unconsolidated SPE transactions.
Reclassification	'
	Reclassification
	Certain amounts in the prior period financial statements have been reclassified to conform to the current period financial statement presentation. Such reclassifications had no effect on the Company’s net income (loss).
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.
Subsequent Events	'
	Subsequent Events
	The Company evaluates events and transactions after the balance sheet date but before the financial statements are issued.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Weighted-Average Dilutive and Anti-Dilutive Securities Related to Stock Options	'
			For the Year Ended
			March 31,
			2014		2013
		Dilutive		—		—
		Anti-dilutive		9,971,233		1,507,171

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	12 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock Option Activity	'
			2014						2013
			Number of				Weighted Average		Number of			Weighted Average
			Options				Exercise Price		Options			Exercise Price
	Outstanding at
	beginning of year
	Non-qualified			10,000,000			$	0.035		10,000,000		$	0.035
	2006 Plan			1,000,000			$	0.035		1,375,000		$	0.0875
	2013 Plan			—			$	—		—		$	—
	Granted
	Non-qualified			10,000,000			$	0.01		—		$	—
	2006 Plan			—			$	—		—		$	—
	2013 Plan			—			$	—		—		$	—
	Exercised
	Non-qualified			—			$	—		—		$	—
	2006 Plan			—			$	—		—		$	—
	2013 Plan			—			$	—		—		$	—
	Cancelled
	Non-qualified			(10,000,000	)		$	0.035		—		$	—
	2006 Plan			(1,000,000	)		$	0.035		(375,000	)	$	0.142
	2013 Plan			—			$	—		—		$	—
	Outstanding at March 31,
	Non-qualified			10,000,000			$	0.01		10,000,000		$	0.035
	2006 Plan			—			$	—		1,000,000		$	0.035
	2013 Plan			—			$	—		—		$	—
	Exercisable at March 31,
	Non-qualified			10,000,000			$	0.01		10,000,000		$	0.035
	2006 Plan			—			$	—		1,000,000		$	0.035
	2013 Plan			—			$	—		—		$	—
Outstanding and Vested Options	'
					Outstanding
					and Vested Options
		Number of shares
		Non-qualified				10,000,000
		2006 Plan				—
		2013 Plan				—
		Weighted average remaining contractual life
		Non-qualified				9.97
		2006 Plan				—
		2013 Plan				—
		Weighted average exercise price
		Non-qualified			$	0.01
		2006 Plan			$	—
		2013 Plan			$	—
		Aggregate intrinsic value
		Non-qualified			$	142,857
		2006 Plan			$	—
		2013 Plan			$	—

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Effective Income Tax Rate	'
		2014			2013
	Federal statutory income tax rate	$	267,000		$	75,000
	State income taxes, net of federal benefit		23,000			6,000
	Permanent items		—			(18,000	)
	Other, change in rate		—			251,000
	Change in valuation allowance		(290,000	)		(314,000	)
		$	—		$	—
Deferred Tax Assets and Liabilities	'
		2014			2013
	Long-term deferred tax assets:
	Federal net operating loss carryforwards	$	30,590,000		$	30,314,000
	Stock based compensation		824,000			824,000
	Accrued expenses		143,000			143,000
	Long-term deferred tax liabilities:
	Property, plant and equipment		(40,000	)		(54,000	)
	Valuation allowance		(31,517,000	)		(31,227,000	)
	Net long-term deferred tax assets	$	—		$	—

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details Narrative) (USD $)	Mar. 31, 2014
Summary Of Significant Accounting Policies Details Narrative	'
Cash deposit in excess of FDIC insured limits	$94,098

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details Narrative 1) (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Property and Equipment	'	'
Depreciation expense	$33,264	$33,846

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details Narrative 2) (USD $)	Mar. 31, 2014	Apr. 03, 2013	Mar. 31, 2013	Apr. 03, 2012
Summary Of Significant Accounting Policies Details Narrative 2	'	'	'	'
Accumulated deficit	($91,532,048)	'	($90,767,909)	'
Current assets	380,866	'	2,114,469	'
Cash and cash equivalents	344,098	2,076,720	2,076,720	3,229,858
Current liabilities	$49,583	'	$15,000	'

Summary_of_Significant_Account6

Summary of Significant Accounting Policies -Tables (Details)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Summary Of Significant Accounting Policies -Tables Details	'	'
Dilutive	0	0
Anti-dilutive	9,971,233	1,507,171

Assets_Held_for_Sale_Details_N

Assets Held for Sale (Details Narrative) (USD $)	12 Months Ended
	Mar. 31, 2014	Oct. 03, 2013
Participation Agreement	'	'
Description	'	'
	On October 3, 2013, the Company entered into a Participation Agreement with PetroShare Corp., a privately-held Colorado corporation not affiliated with the Company (“PetroShare”), for the purposes of drilling at least one and up to two oil and/or gas wells to test the Niobrara formation to a depth of approximately 7,850 feet total vertical depth in Moffatt County, Colorado.
Estimated cost of drilling first well	'	$1,824,460
Estimated cost of drilling second well	'	1,982,998
Estimated net to company for drilling first well	'	547,338
Estimated net to company for drilling second well	'	549,899
Percent of cost of drilling first well	30.00%	'
Percent of cost of drilling second well	30.00%	'
Net percent interest to the company	'	25.31%
Drilling costs paid by company	$1,142,237	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2009
Litigation	'
Description	'
	A group of persons who purchased $1,776,750 of securities as part of the Company’s private placement offering filed suit in 2009 against the Company alleging that securities laws were violated.
Damages Sought	$1,776,050

Stockholders_Equity_Details_Na

Stockholders Equity (Details Narrative) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Stockholders Equity Details Narrative	'	'
Common Stock, authorized	275,000,000	275,000,000
Common stock, shares issued	119,862,791	119,862,791
Common stock, shares outstanding	119,862,791	119,862,791
Warrants exercisable	0	0
Common stock issued to warrant holders, shares	0	0
Common stock issued to warrant holders, value	$0	$0
Price per share	0	0

ShareBased_Compensation_Stock_

Share-Based Compensation - Stock Option Plan (Details) (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Non-Qualified	'	'
Number of options	'	'
Outstanding at beginning of the year	10,000,000	10,000,000
Granted, Number of options	10,000,000	0
Exercised, Number of options	0	0
Cancelled, Number of options	-10,000,000	0
Outstanding and exercisable at March 31,	10,000,000	10,000,000
Weighted Average Exericse Price	'	'
Outstanding at beginning of the year	$0.04	$0.04
Granted, Weighted average exercise price	$0.01	$0
Exercised, Weighted average exercise price	$0	$0
Cancelled, Weighted average exercise price	$0.04	$0
Outstanding and exercisable at March 31,	$0.01	$0.04
2006 Plan	'	'
Number of options	'	'
Outstanding at beginning of the year	1,000,000	1,375,000
Granted, Number of options	0	0
Exercised, Number of options	0	0
Cancelled, Number of options	-1,000,000	-375,000
Outstanding and exercisable at March 31,	0	1,000,000
Weighted Average Exericse Price	'	'
Outstanding at beginning of the year	$0.04	$0.09
Granted, Weighted average exercise price	$0	$0
Exercised, Weighted average exercise price	$0	$0
Cancelled, Weighted average exercise price	$0.04	$0.14
Outstanding and exercisable at March 31,	$0	$0.04
2013 Plan	'	'
Number of options	'	'
Outstanding at beginning of the year	0	0
Granted, Number of options	0	0
Exercised, Number of options	0	0
Cancelled, Number of options	0	0
Outstanding and exercisable at March 31,	0	0
Weighted Average Exericse Price	'	'
Outstanding at beginning of the year	$0	$0
Granted, Weighted average exercise price	$0	$0
Exercised, Weighted average exercise price	$0	$0
Cancelled, Weighted average exercise price	$0	$0
Outstanding and exercisable at March 31,	$0	$0

ShareBased_Compensation_Outand

Share-Based Compensation - Outanding and Vested Options (Details) (USD $)	12 Months Ended
	Mar. 31, 2014
Non-Qualified	'
Outstanding options	'
Number of shares	10,000,000
Weighted average remaining contractual life	'9 years 11 months 6 days
Weighted average exercise price	$0.01
Aggregate intrinsic value	$142,857
Vested Options	'
Number of shares	10,000,000
Weighted average remaining contractual life	'9 years 11 months 6 days
Weighted average exercise price	$0.01
Aggregate intrinsic value	142,857
2006 Plan	'
Outstanding options	'
Number of shares	'
Weighted average exercise price	'
Aggregate intrinsic value	'
Vested Options	'
Number of shares	'
Weighted average exercise price	'
Aggregate intrinsic value	'
2013 Plan	'
Outstanding options	'
Number of shares	'
Weighted average exercise price	'
Aggregate intrinsic value	'
Vested Options	'
Number of shares	'
Weighted average exercise price	'
Aggregate intrinsic value	'

Income_Taxes_Effective_Income_

Income Taxes - Effective Income Tax Rate (Details) (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Taxes - Effective Income Tax Rate Details	'	'
Federal statutory income tax rate	$267,000	$75,000
State income taxes, net of federal benefit	23,000	6,000
Permanent items	0	-18,000
Other, change in rate	'	251,000
Change in valuation allowance	-290,000	-314,000
Effective Income tax	'	'

Income_Taxes_Deferred_Tax_Asse

Income Taxes - Deferred Tax Assets and Liabilities (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Long-term deferred tax assets:	'	'
Federal net operating loss carryforwards	$30,590,000	$30,314,000
Stock-based compensation	824,000	824,000
Accrued expenses	143,000	143,000
Long-term deferred tax liabilities:	'	'
Property, plant and equipment	-40,000	-54,000
Valuation allowance	-31,517,000	-31,227,000
Net long-term deferred tax assets	'	'

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	12 Months Ended
	Mar. 31, 2014
Income Taxes Details Narrative	'
Net Operating Loss Carryforward	$86,500,000
Expiration year	'2024

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Related Party Transactions Details Narrative	'	'
Legal Expense	$45,921	$11,525
Accrued Legal Expenses	$0	$0

Subsequent_Events_Details_Narr

Subsequent Events (Details Narrative) (USD $)	0 Months Ended
	6-May-14	Jun. 16, 2014
Settlement Agreement	'	'
Description	'	'
	On May 5, 2014, the parties entered into a Settlement Agreement to settle their claims and, among other provisions, payment of $100,000 (which payment was received by Rancher on May 6, 2014).
Payment by PetroShare to Company	'	$1,042,237