Circle Star Energy Inactive 10-Q/A19 Aug 142014 Q3 Quarterly report (amended)Financial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
Document And Entity Information	Jan. 31, 2014	Aug. 19, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Circle Star Energy Corp.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--04-30	'
Entity Common Stock, Shares Outstanding	'	72,424,711
Amendment Flag	'true	'
Amendment Description	'On August 4, 2014 the management of Circle Star Energy, Corp. (the "Company") and its Board of Directors (the "Board") concluded that the previously issued consolidated financial statements contained in the Company's Quarterly Reports on Form 10-Q (the "Form 10-Q") for the quarter ended January 31, 2014 should no longer be relied upon because of errors related to the presentation of certain information included in the consolidated financial statements and footnotes to the consolidated financial statements. The Company has determined that it was necessary to correct the accounting for certain transactions as presented within the consolidated statement of operations and statement of cash flows along with their corresponding impact on the Company's balance sheet.The initial accounting for the fair value of certain over-riding royalty interests and net revenue interests in certain crude oil and natural gas properties ('Interests') sold during the fiscal quarter ended January 31, 2014 to an un-related third party resulted in the gain being over-stated in the Form 10Q filed on March 14, 2014. The methodology which was initially utilized to arrive at the fair value applied to the Interests sold was inappropriately applied at the time the transaction was initially recorded. Related to the re-allocation of the fair value of the assets sold; the calculation of depletion on a field by field basis was re-performed. The issues were discovered in connection with the audit of our April 30, 2014 financial statements. The gain on the sale of assets initially reported as $1,728,235 was re-calculated utilizing the appropriate fair value to arrive at a net gain of $1,232,279. Depletion expense of $134,685 as reported through January 31, 2014 was re-calculated to be $496,659 for the nine months then ended. The net impact of these adjustments resulted in net income of $708,485 or $0.01 per share and $231,187 or $0.00 per share for the three months and nine months ended January 31, 2014, respectively as compared to a previously reported $1,566,415 or $0.03 per share and $1,089,117 or $0.02 per share for the three and nine months ended January 31, 2014 respectively.	'
Entity Central Index Key	'0001439971	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Jan-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONSOLIDATED_BALANCE_SHEETS_un

CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Jan. 31, 2014	Apr. 30, 2013
CURRENT ASSETS	'	'
Cash	$772,489	$125,109
Trade accounts receivable	153,578	128,117
Prepaid expenses and other assets	26,330	42,840
Total Current Assets	952,397	296,066
Oil and Gas Properties at cost, - using the successful efforts method	'	'
Unproved properties	815,589	815,589
Proved properties	2,449,225	3,110,292
Less: accumulated depletion, depreciation and amortization	-1,406,514	-912,634
Oil and Gas properties-net	1,858,300	3,013,247
Investment in partnership	167,215	167,215
Total Assets	2,977,912	3,476,528
CURRENT LIABILITIES	'	'
Accounts payable	84,057	678,292
Accrued liabilities	222,182	334,464
Salaries and taxes payable	128,712	197,046
Interest payable	227,890	436,890
Convertible notes payable, net of unamortized discount	3,663,253	2,752,800
Derivative liabilities associated with convertible securities	29,292	63,671
Total Current Liabilities	4,355,386	4,463,163
Convertible notes payable, net of unamortized discount	0	1,330,712
Total Liabilities	4,355,386	5,793,875
STOCKHOLDERS' (DEFICIT)	'	'
Common stock, 100,000,000, par value $0.001 shares authorized, 53,856,175 and 44,173,404 common shares issued and outstanding at January 31, 2014 and April 30, 2013, respectively.	53,856	44,174
Additional paid in capital	20,398,660	19,699,656
Accumulated deficit	-21,829,990	-22,061,177
Total Stockholders' (Deficit)	-1,377,474	-2,317,347
Total Liabilities and Stockholders' (Deficit)	$2,977,912	$3,476,528

CONSOLIDATED_BALANCE_SHEETS_un1

CONSOLIDATED BALANCE SHEETS (unaudited) (Parentheticals) (USD $)	Jan. 31, 2014	Apr. 30, 2013
Common stock par value (in Dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	53,856,175	44,173,404
Common stock, shares outstanding	53,856,175	44,173,404

UNAUDITED_CONSOLIDATED_STATEME

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013
Revenues	'	'	'	'
Oil sales	$224,796	$250,898	$923,725	$594,296
Gas sales	25,057	17,031	69,304	35,691
Total Revenues	249,853	267,929	993,029	629,987
Operating Expenses	'	'	'	'
Lease operating	23,531	23,059	98,365	58,844
Production taxes	13,569	18,420	45,427	36,522
Exploration costs	0	0	0	80,579
Depreciation, depletion, and amortization	385,988	115,647	496,659	331,873
Impairment of oil and gas properties	0	0	0	3,566,497
General and administrative	279,653	1,229,127	1,142,298	3,989,606
Gain on sale of oil and gas properties	-1,232,279	0	-1,232,279	0
Total Operating Expenses	-529,538	1,386,253	550,470	8,063,921
Gain (Loss) from Operations	779,391	-1,118,324	442,559	-7,433,934
Other Income (Expense)	'	'	'	'
Interest expense	-155,625	-429,326	-490,023	-1,394,223
Derivative liability expense	0	0	-22,135	0
Change in fair value of convertible securities liability	-706	12,095	67,840	-27,050
Loss in connection with conversion of notes payable	0	-23,500	0	-429,834
Gain in connection with settlement of accounts payable	115,353	0	293,296	0
Loss on sale of assets	0	0	0	-89,847
Distributions in connection with net profits interest	-39,193	-9,827	-84,330	89
Net Income (Loss) before equity in earnings of unconsolidated affiliates	699,220	-1,568,882	207,207	-9,374,799
Equity in earnings of unconsolidated affiliates	9,265	0	23,980	0
Net Income (Loss)	$708,485	($1,568,882)	$231,187	($9,374,799)
Earnings (Loss) Per Common Share:	'	'	'	'
Basic (in Dollars per share)	$0.01	($0.04)	$0	($0.23)
Diluted (in Dollars per share)	$0.01	$0	$0	$0
Weighted Average Shares Outstanding	'	'	'	'
Basic (in Shares)	51,649,653	42,017,614	49,861,342	39,952,832
Diluted (in Shares)	56,856,320	0	55,068,009	0

UNAUDITED_CONSOLIDATED_STATEME1

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Jan. 31, 2014	Jan. 31, 2013
Cash flows from operating activities	'	'
Net Income (loss)	$231,187	($9,374,799)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities	'	'
Depreciation, depletion and amortization	496,659	331,873
Amortization of discount on notes payable	213,696	1,083,570
Share-based compensation	393,002	2,562,111
Impairment of oil and gas properties	0	3,566,497
Exploration costs	0	80,579
Derivative liability expense	22,135	0
Change in fair value derivative liability	-67,840	27,050
Equity in earnings of unconsolidated affiliate	0	-12,535
(Gain) Loss on conversion of debt and settlement of accounts payable	-293,296	429,834
(Gain) Loss on sale of oil and gas properties	-1,232,279	89,847
Changes in operating assets and liabilities:	'	'
Trade accounts receivable	-23,210	16,542
Prepaid expenses and other assets	14,259	-13,728
Accounts payable	-221,259	414,394
Accrued liabilities	40,289	269,740
Bank overdrafts	0	-409,544
Advances from working interest partners	0	130,643
Interest payable	-209,000	277,034
Net cash (used in) operating activities	-635,657	-530,892
Cash flows from investing activities	'	'
Acquisitions of oil and gas properties, net	-6,877	-219,438
Net proceeds from sale of oil and gas properties	1,897,444	0
Capital expenditures in connection with working interest partners	-142,530	0
Distributions from equity method investees	0	12,535
Net cash provided by (used in) investing activities	1,748,037	-206,903
Cash flows from financing activities	'	'
Proceeds from the issuance of common stock	0	1,950,000
Payments on note issued to seller	0	-1,250,000
Proceeds from convertible notes	50,000	125,000
Repayments of convertible notes payable	-515,000	0
Net cash provided by (used in) financing activities	-465,000	825,000
Net increase in cash	647,380	87,205
Cash	'	'
Beginning of year	125,109	60,626
End of period	772,489	147,831
Supplemental Cash Flow Information:	'	'
Cash paid for interest	485,103	33,453
Cash paid for income taxes	0	0
Supplemental Non-Cash Investing and Financing Information:	'	'
Settlement of seller note through conveyance of oil and gas properties	0	250,000
Common stock issued for acquisition of Blue Ridge leases	0	2,402,741
Common stock issued in connection with debt conversion and in settlement of accrued liabilities	$288,421	$1,145,617

1_BASIS_OF_PRESENTATION_AND_US

1. BASIS OF PRESENTATION AND USE OF ESTIMATES	9 Months Ended
1. BASIS OF PRESENTATION AND USE OF ESTIMATES	Jan. 31, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	1. BASIS OF PRESENTATION AND USE OF ESTIMATES

	The interim consolidated financial statements of Circle Star Energy Corporation ("we," "us," "our," "Circle Star" or the "Company") are unaudited and contain all adjustments (consisting primarily of normal recurring adjustments) necessary for a fair statement of the results for the interim periods presented. Results for interim periods are not necessarily indicative of results to be expected for a full year or for previously reported periods due in part, but not limited to, the volatility in crude oil and natural gas commodity prices, global economic and financial market conditions, interest rates, estimates of reserves, drilling risks, geological risks, transportation restrictions, the timing of acquisitions, product demand, market competition, interruption in production and our ability to obtain additional capital. You should read these consolidated interim financial statements in conjunction with the audited consolidated financial statements and notes thereto included in Circle Star's Annual Report on Form 10-K for the year ended April 30, 2013, filed with the Securities and Exchange Commission on August 13, 2013.

2_GOING_CONCERN

2. GOING CONCERN	9 Months Ended
2. GOING CONCERN	Jan. 31, 2014
Going Concern [Abstract]	'
Going Concern [Text Block]	'
	2. GOING CONCERN

	At January 31, 2014, we had cash and cash equivalents of $772,489 and a working capital deficit of $3,402,989. For the nine months ended January 31, 2014, we had net income of $231,187, operating income of $442,559 and cash used in operations of ($635,657).

	Given that we have not achieved income from operations to date, and have maturing debt obligations our cash requirements are subject to numerous contingencies and risks beyond our control, including operational and development risks, competition from well-funded competitors, and our ability to manage growth. We can offer no assurance that the Company will generate cash flow sufficient to achieve profitable operations or that our expenses will not exceed our projections. Accordingly, there is substantial doubt as to our ability to continue as a going concern for a reasonable period of time.

	There can be no assurance that financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. Unprecedented disruptions in the credit and financial markets over the past two years have had a significant material adverse impact on access to capital and credit for many companies. Considering our financial condition, we may be forced to issue debt or equity at less favorable terms than would otherwise be available. These disruptions could, among other things, make it more difficult for the Company to obtain, or increase its cost of obtaining capital and financing for its operations. If we are unable to obtain additional or alternative financing on a timely basis and are unable to generate sufficient revenues and cash flows, we will be unable to meet our capital requirements and will be unable to continue as a going concern.

	We anticipate generating losses from operations in the near term, and therefore, may be unable to continue operations in the future. To secure additional capital, we will have to issue debt or equity or enter into a strategic arrangement with a third party. There can be no assurance that additional capital will be available to us. We currently have no agreements, arrangements, or understandings with any person to obtain funds through bank loans, lines of credit, or any other sources. The financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.

3_SUMMARY_OF_SIGNIFICANT_ACCOU

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Jan. 31, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS

	Equity Method Investment

	The Company has a 10% investment in JHE Energy Interests (“JHEI”) which is accounted for under the equity method of accounting. JHEI is engaged in the exploration, development, and production of oil and gas assets in the state of Texas. The Company’s investment in JHEI was $167,215 and $167,215 as of January 31, 2014 and April 30, 2013, respectively. The Company has elected to use the equity method, as we may have the ability to exercise significant influence on the investee. During the nine months ended January 31, 2014, we received earnings distributions of $23,980 related to the investment in JHEI.

	Transfer of Net Profits Interest

	During the nine months ended January 31, 2014 we paid a total of $8,330 to High Plains Oil and an unrelated party, related to their 10% retained net profits interest in our wholly-owned subsidiary, JHE Holdings, LLC (“JHE”). This net profits interest had been owned by High Plains Oil, LLC (“High Plains”), an entity controlled by S. Jeffrey Johnson our Chief Executive Officer. On May 9, 2013, High Plains transferred its ownership of the net profits interest to an unrelated third party.

	Advances from Working Interest Partners

	In January 2013, the Company entered into two Participation agreements, whereby the Company became the operator of two wells in Trego County, Kansas. Advances from working interest partners are included in accrued liabilities on our consolidated balance sheet in the amount of $46,209 as of January 31, 2014, and consisted of cash calls received from the other working interest owner, net of costs incurred on the respective wells.

	Recently Issued Accounting Pronouncements

	In July 2013, the FASB issued, ASU No. 2013-11 "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists" (“ASU 2013-11”). ASU 2013-11 addresses the diversity in practice that exists for the balance sheet presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. ASU No. 2013-11 is effective for the Company’s fiscal quarter ending July 31, 2014. ASU 2013-11 impacts balance sheet presentation only. The Company is currently evaluating the impact of the new rule but believes the balance sheet impact will not be material.

4_FAIR_VALUE_MEASUREMENTS

4. FAIR VALUE MEASUREMENTS

9 Months Ended

Jan. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

4. FAIR VALUE MEASUREMENTS

The Company has adopted new guidance under ASC Topic 820, Fair Value Measurements and Disclosures.

ASC Topic 820 establishes a fair value hierarchy, giving the highest priority to quoted prices in active markets and the lowest priority to unobservable data and requires disclosures for assets and liabilities measured at fair value based on their level in the hierarchy. Further new authoritative accounting guidance (ASU No.2009-05) under ASC Topic 820, provides clarification that in circumstances in which a quoted price in an active market for the identical liabilities is not available, a reporting entity is required to measure fair value using one or more of the techniques provided for in this update.

The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:

Level 1 – Quoted prices in active markets for identical assets of liabilities

Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.

The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity” and ASC 815, “Derivatives and Hedging”. Derivative liabilities are adjusted to reflect fair value at each period end, with any increase or decrease in the fair value being recorded in results of operations as adjustments to fair value of derivatives. The effects of interactions between embedded derivatives are calculated and accounted for in arriving at the overall fair value of the financial instruments. In addition, the fair values of freestanding derivative instruments such as warrant and option derivatives are valued using the Black-Scholes model.

The Company uses Level 3 inputs for its valuation methodology for the derivative liabilities and embedded conversion option liabilities as their fair values were determined by using the Black-Scholes option pricing model based on various assumptions. The Company’s derivative liabilities are adjusted to reflect fair value at each period end, with any increase or decrease in the fair value being recorded in results of operations as adjustments to fair value of derivatives.

The following table sets forth the liabilities as January 31, 2014, which are recorded on the balance sheet at fair value on a recurring basis by level within the fair value hierarchy. As required, these are classified based on the lowest level of input that is significant to the fair value measurement:

Fair Value Measurements at Reporting Date Using

Description

31-Jan-14

Quoted Prices in Active Markets for Identical Assets

Significant Other Observable Inputs

Significant Unobservable Inputs

(Level 1)

(Level 2)

(Level 3)

Derivative liabilities associated with convertible promissory notes

29,292

The following table sets forth a summary of changes in fair value of our derivative liabilities for the period ended January 31, 2014.

31-Jan-14

Beginning balance May 1, 2013

63,671

Embedded conversion option liability recorded in connection with the issuance of convertible promissory notes

83,185

Changes in derivative liabilities recorded in connection with the conversion of convertible promissory notes

(49,724

)

Change in fair value of embedded beneficial conversion feature of convertible promissory notes included in earnings

(67,840

)

Ending balance January 31, 2014

29,292

5_INCOME_LOSS_PER_COMMON_SHARE

5. INCOME (LOSS) PER COMMON SHARE	9 Months Ended
	Jan. 31, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	5. INCOME (LOSS) PER COMMON SHARE

	Basic net income (loss) per common share is computed by dividing the net income (loss) attributable to common shareholders by the weighted average number of shares of common stock outstanding during the period.

	Diluted net income per common share is computed in the same manner, but also considers the effect of common stock shares underlying the following:

			31-Jan-14
	Common stock awards (a)			566,667
	Convertible notes payable (b)			4,390,000
	Common stock warrants			250,000
	Total			5,206,667

	(a)	Common stock awards represent unvested portion of common shares issuable to employees upon completion of the requisite vesting period.

	(b)	During the nine months ended January 31, 2014, $50,000 in cash was received from the issuance of convertible notes payable (Note 7). These notes contain an embedded conversion feature whereby the notes may be converted into shares of the Company’s common stock. The dilutive impact of these securities fluctuates based on the terms of the conversion feature. The dilutive impact as of January 31, 2014 has been included herein. The dilutive impact of a potential conversion of these notes in subsequent periods may, vary significantly depending on the market value of our common shares at the time of conversion.

6_OIL_AND_GAS_PROPERTIES

6. OIL AND GAS PROPERTIES	9 Months Ended
6. OIL AND GAS PROPERTIES	Jan. 31, 2014
Oil and Gas Property [Abstract]	'
Oil and Gas Properties [Text Block]	'
	6. OIL AND GAS PROPERTIES

	The Company holds the following oil and gas interests:

		31-Jan-14			30-Apr-13

	Unproved Oil and Gas Properties	$	815,589		$	815,589
	Total Unproved Oil and Gas Properties		815,589			815,589
	Proved Oil and Gas Properties		2,449,225			3,110,292
	Total Proved Oil and Gas Properties		2,449,225			3,110,292
	Accumulated depletion, depreciation and amortization		(1,406,514	)		(912,634	)
	Net Oil and Gas Properties	$	1,858,300		$	3,013,247

	On January 24, 2014, the Company completed the assignment of certain royalty and over-riding royalty interests related to 14 wells located in Madison, Grimes, Dimmit and Fayette counties in Texas to unrelated third parties. Net capitalized costs associated with the interests sold amounted to $665,165. Net cash consideration received in connection with the conveyance amounted to $1,897,444. In connection with the sale we have recorded a gain of $1,232,279.

7_NOTES_PAYABLE

7. NOTES PAYABLE	9 Months Ended
7. NOTES PAYABLE	Jan. 31, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	7. NOTES PAYABLE

	As of January 31, 2014 and April 30, 2013, notes payable consisted of the following:

			31-Jan-14			30-Apr-13
	Current Portion
	(a) Convertible notes payable 10% – February 8, 2013		$	2,235,000		$	2,750,000
	(b) Convertible notes payable 10% – August 15, 2014			32,925			67,713
	(c) Convertible notes payable 6% – September 14, 2014			1,500,000			-
	Less discount on convertible notes payable			(104,672	)		(64,913	)
	Total current portion		$	3,663,253		$	2,752,800

	Long Term Portion
	(c) Convertible notes payable 6% – September 14, 2014		$	-		$	1,500,000
	Less discount on convertible notes payable			-			(169,288	)
	Total long term portion		$	-		$	1,330,712
	Total Notes Payable		$	3,663,253		$	4,083,512

	(a)	The 10% convertible notes became due on February 8, 2013 in the principal amount of $2,750,000. In January 2014 the Company paid a total of $1,000,000 cash, each of the two noteholders receiving $500,000. Of the total amount paid $515,000 was allocated to principal on the notes $257,500 for each note and $485,000 was allocated to interest $242,500 for each note. On February 28, 2014, the Company entered into new note agreements with the two noteholders. The amended and restated note agreements, each in the amount of $1,155,000, accrue interest at 12% per annum and mature on December 31, 2014. The new notes are collateralized by a security interest in the oil and gas properties held by JHE. The Company has maintained the right to continue selling interests in assets held by JHE provided that 70% of the proceeds from any sale by JHE be applied to the outstanding principal and accrued interest related to the amended and restated notes. In connection with the new note agreements we have agreed to issue 5,000,000 shares of our common stock to the noteholders. The Company at the election of the Chief Executive Officer has retained the right to vote these shares and we have retained the right to re-purchase any or all of these shares at a price of $0.15 per share for six months from the date of grant. In addition we have issued to the noteholders 2,500,000 warrants to purchase our common shares at $0.05 per share beginning on February 15, 2015. The Company has retained the right to call the warrants any time within the first six months from the date of issuance at $0.10 provided that we re-pay a minimum of $500,000 in principal on each note.

	(b)	On August 15, 2012, the Company entered into a convertible note agreement which allows the Company to borrow up to $555,000. The note matures on August 15, 2014. The terms of the note contain a 10% or $55,000 original issuance discount, to be pro-rated based on actual cash drawn in connection with the instrument. The note is convertible into common shares at the lesser of $0.55 or at a share value of 75% of the lowest closing share price for the 25 days preceding a conversion.

	During the nine months ended January 31, 2014, we received net cash proceeds of $50,000 related to borrowings under the terms of the initial note agreement. As of January 31, 2014, we had an outstanding balance of $32,925 under the terms of the note and recorded a discount in the amount of $28,803 to be amortized over the term of the note. The note bore no interest for the first 90 days and at 10% thereafter. The terms of the note indicate that if any principal were not repaid within 90 days of the initial funding, the 10% interest charge on all outstanding principal was to accrue immediately. Therefore we have accrued $5,000 as a component of the principal balance as of January 31, 2014. In addition we have recorded $5,000 in original issuance discount and $1,050 in fees as components of the principal balance.

	In connection with this conversion feature, we have recorded a derivative liability totaling $83,185 for the $50,000 draw related to the Level III fair value measurement of the conversion feature on the day one issuance of the debt. The value of the associated conversion liability will be re-valued at the end of each fiscal period with changes recorded as charges to our profit and loss. As of January 31, 2014, we have recorded a liability of $29,292 related to the embedded conversion feature and recorded gains of $67,840 during the nine months ended January 31, 2014, related to the change in its fair value. We used the Black-Scholes model in establishing the date of issuance fair value and end of reporting period fair value of the conversion liability. Key assumptions included in the fair value measurement of this liability included: volatility ranging from 199.51% on the date of issuance, to 280.44% as of the end of the reporting period; risk free interest rates ranging from 0.13% on the date of issuance, to 0.10% at the end of the reporting period; and an assumed dividend rate of 0%.

	In May, June and July 2013, the Company received conversion notices from the holders of the $555,000 convertible note. The conversion notices indicated the conversion of $82,838 in principal, accrued interest and original issuance discount into 2,296,749 common shares at conversion prices of $0.053, $0.053, $0.023 and $0.023 per share respectively (Note 8).

	In December 2013 and January 2014, the Company received conversion notices from the holders of the $555,000 convertible note. The conversion notices indicated the conversion of $28,125 in principal, accrued interest and original issuance discount into 2,700,000 shares of common stock at conversion prices of $0.01875 and $0.075 per share respectively (Note 8).

	Subsequent to January 31, 2014, an additional $23,880 in principal, accrued interest and original issuance discount was converted into 4,000,000 shares of our common stock at prices ranging from $0.006 to $0.005925 per share.

	(c)	On September 14, 2011, the Company issued 6% convertible notes in the total amount of $1,500,000. The notes are due and payable on September 14, 2014 and bear interest at the rate of 6% per annum. The notes are convertible at the option of the holder into common shares at a conversion price of $1.50 per share. The notes are redeemable prior to maturity at the option of the Company and can be repaid in whole or in part at any time without a premium or penalty. Upon issuance, the notes were discounted by $370,000 to reflect the beneficial conversion value that existed on that date. This discount is being amortized over the term of the note payable utilizing the effective interest method. As of January 31, 2014, the remaining unamortized discount related to the notes was $76,027. Interest is payable with the principal on September 14, 2014.

8_SHAREHOLDERS_EQUITY

8. SHAREHOLDERS' EQUITY	9 Months Ended
	Jan. 31, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	8. SHAREHOLDERS’ EQUITY

	Common Shares

	As of January 31, 2014 and April 30, 2013, 100,000,000 shares of our $0.001 par value common stock were authorized, 53,856,175 and 44,173,404 were issued and outstanding, respectively.

	·	On May 7, 2013 we issued 500,000 shares of common stock at $0.0525 per share, the contractual conversion price, in connection with the conversion of $26,250 in principal related to our August 14, 2014, 10% convertible notes payable. (Note 7)

	·	On May 23, 2013 we issued 496,429 shares of common stock at $0.0525 per share, the contractual conversion price, in connection with the conversion of $26,062 in principal, original issuance discount and accrued interest on our August 14, 2014, 10% convertible notes payable. (Note 7)

	·	On June 19, 2013 we issued 650,000 shares of common stock at $0.0235 per share, the contractual conversion price, in connection with the conversion of $15,259 in principal related to our August 14, 2014, 10% convertible notes. (Note 6)

	·	On July 3, 2013 we issued 650,320 shares of common stock at $0.0235 per share, the contractual conversion price, in connection with the conversion of $15,266 in principal, original issuance discount and accrued interest related to our August 14, 2014, 10% convertible notes payable. (Note 7)

	·	On June, 27, 2013 we issued 757,249 shares of common stock to Jeffrey Johnson (“Johnson”) our Chief Executive Officer and President, at $0.08 per share. 504,833 of these shares were issued in connection with the completion of requisite vesting requirements, 252,416 shares were issued as share based compensation related to an allowance for the income tax effect of this vesting and a previous vesting of 504,833 shares. In connection with the issuance of these additional shares we have recorded share based compensation expense in the amount of $10,196.

	·	On June 27, 2013 we issued 33,333 shares of common stock to an employee of the Company. The issuance of these shares represents the completion of the requisite vesting period, with all expense being recognized during the vesting period. The shares were initially granted at $2.60 per share.

	·	On June 27, 2013 we issued 1,591,675 shares of common stock at $0.05 per share, the market value of the shares on the date of grant, to Johnson, in connection with the forgiveness of $63,667 in accrued salaries owed Mr. Johnson. In connection with this issuance of shares we have recorded additional share based compensation expense of $15,917, related to an allowance for the income tax effect of the issuance.

	·	On June 27, 2013 we issued 1,568,750 shares of common stock at $0.05 per share, the market value of the shares on the date of grant, to an employee of the Company in connection with the forgiveness of $62,750 in accrued salaries. In connection with this issuance of shares we have recorded share based compensation expense of $15,688, related to an allowance for the income tax effect of the issuance.

	·	On July 12, 2013 we issued 103,973 shares of common stock to a former director of the Company. The issuance of these shares represents the completion of the requisite vesting period, with all expense being recognized during the vesting period. The shares were initially granted at $0.60 per share.

	·	On August 30, 2013 we issued 504,834 shares of common stock at $0.04 per share, the market value of the shares on the date of grant, to Johnson. The shares were issued in connection with the completion of the requisite vesting period, with all expense being recognized during the vesting period. An additional 126,208 shares of common stock were issued at $0.04 per share on that same date related to an allowance for the income tax effect of the issuance of the vested shares. In connection with the issuance of the additional shares for the income tax effect we have recorded additional share based compensation expense of $5,048.

	·	On December 20, 2013 we issued 700,000 shares of common stock at $0.01875 per share, the contractual conversion price, in connection with the conversion of $13,125 in principal, original issuance discount and accrued interest related to our August 14, 2014, 10% convertible notes payable. (Note 7)

	·	On January 23, 2014 we issued 2,000,000 shares of common stock at $0.0075 per share, the contractual conversion price, in connection with the conversion of $15,000 in principal, original issuance discount and accrued interest related to our August 14, 2014, 10% convertible notes payable. (Note 7)

	·	Subsequent to January 31, 2014 we issued 4,000,000 shares of common stock at prices ranging from $0.006 to $0.005925 the contractual conversion prices related to the conversion of $23,880 in principal, original issuance discount and accrued interest related to our August 14, 2014, 10% convertible notes payable. (Note 7)

	·	On March 4, 2014 we issued a total of 5,000,000 common shares, 2,500,000 to each of the holders of our February 8, 2013, 10% convertible noteholders at $0.0145 in connection with the amendment and restatement of the underlying note agreements. (Note 7)

	·	On March 6, 2014, the Board of Directors of the Company resolved to issue 7,758,621 common shares at $0.0145 per share, which was the closing price of our shares on that date, in connection with the issuance bonuses to our Chief Executive Officer, and an employee of the Company (4,310,345 shares and 344,828 shares, respectively). In addition, we issued 3,103,448 shares to an employee of the Company in connection with the satisfaction of accrued salaries payable.

	Stock Warrants

	As of January 31, 2014, there were 250,000 warrants to purchase the Company’s common shares outstanding. The warrants are exercisable at a weighted average exercise price of $2.75 and have a remaining contractual life of 1.28 years.

9_SHARE_BASED_COMPENSATION

9. SHARE BASED COMPENSATION	9 Months Ended
	Jan. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	9. SHARE BASED COMPENSATION

	Stock Options

	A summary of the Company’s common-stock options activity through January 31, 2014, is presented below:

		Shares			Weighted Average Exercise Price
	Balance at April 30, 2013		350,000		$	0.5
	Forfeitures		(350,000	)		0.5
	Balance at end of period		-		$	-
	Exercisable at January 31, 2014		-		$	-

	During the nine months ended January 31, 2014, 350,000 of our stock options were forfeited by our former Chief Financial Officer.

	We recognized share-based compensation expense including all option and common share awards expense of $393,002 and $2,562,111 for the nine months ended January 31, 2014 and 2013, respectively.

10_INCOME_TAXES

10. INCOME TAXES	9 Months Ended
10. INCOME TAXES	Jan. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	10. INCOME TAXES

	The effective income tax rates for the nine months ended January 31, 2014 and 2013 were nil. Total income tax expense for the nine months ended January 31, 2014 and 2013, differed from amounts computed by applying the U.S. federal statutory tax rates to pre-tax income due primarily to changes in the valuation allowance recorded against deferred tax assets.

11_RELATED_PARTY_TRANSACTIONS

11. RELATED PARTY TRANSACTIONS	9 Months Ended
11. RELATED PARTY TRANSACTIONS	Jan. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	11. RELATED PARTY TRANSACTIONS

	During the nine months ended January 31, 2014, the Company made cash payments of $8,330 to High Plains related to its retained net profits interest. As of January 31, 2014, we have recorded a liability in the amount of $nil related to High Plain’s retained net profits interest. High Plains is an entity controlled by S. Jeffrey Johnson our Chief Executive Officer. On May 9, 2013, High Plains transferred its ownership of the net profits interest to an unrelated third party. (Note 3)

12_LITIGATION

12. LITIGATION	9 Months Ended
12. LITIGATION	Jan. 31, 2014
Disclosure Text Block Supplement [Abstract]	'
Legal Matters and Contingencies [Text Block]	'
	12. LITIGATION

	Convertible Notes

	On October 28, 2013, the holders of our 10% convertible notes due February 8, 2013 in the principal amount of $2,750,000 filed a legal action against the Company in the District Court for Clark County, Nevada, in an attempt to collect the outstanding balance related to these notes. On February 28, 2014, the Company entered into a settlement agreement and new note agreements with the holders. The amended and restated note agreements, each in the amount of $1,155,000, accrue interest at 12% per annum and mature on December 31, 2014.

	Jonathan G. Pina

	On January 27, 2014 Jonathan Pina, our former Chief Financial Officer, filed a legal action against the Company in the District Court of Harris County Texas, in an attempt to collect vacation pay and for alleged failure to pay severance and benefits for resignation with good reason. The Company intends to defend this legal action vigorously.

13_SUBSEQUENT_EVENTS

13. SUBSEQUENT EVENTS	9 Months Ended
13. SUBSEQUENT EVENTS	Jan. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	13. SUBSEQUENT EVENTS

	On February 28, 2014, the Company entered into new note agreements with the holders of its 10%, convertible notes payable. The amended and restated note agreements each in the amount of $1,155,000, accrue interest at 12% per annum and mature on December 31, 2014. The new notes are collateralized by a security interest in the oil and gas properties held by JHE. The Company has maintained the right to continue selling interests in assets held by JHE provided that 70% of the proceeds from any sale by JHE be applied to the outstanding principal and accrued interest related to the amended and restated notes. In connection with the new note agreements we have agreed to issue 5,000,000 shares of our common stock to the noteholders. The Company at the election of the Chief Executive Officer has retained the right to vote these shares and we have retained the right to re-purchase any or all of these shares at a price of $0.15 per share for six months from the date of grant. In addition we have issued to the noteholders 2,500,000 warrants to purchase our common shares at $0.05 per share beginning on February 15, 2015. The Company has retained the right to call the warrants any time within the first six months from the date of issuance at $0.10 provided that we re-pay a minimum of $500,000 in principal on each note.

	On various dates subsequent to January 31, 2014 through March 14, 2014, we issued 4,000,000 shares of common stock at prices ranging from $0.006 to $0.005925 the contractual conversion prices related to the conversion of $23,880 in principal, original issuance discount and accrued interest related to our August 14, 2014, 10% convertible notes payable. (Note 7)

	On March 4, 2014 we issued a total of 5,000,000 common shares, 2,500,000 to each of the holders of our February 8, 2013, 10% convertible noteholders at $0.0145 in connection with the amendment and restatement of the underlying note agreements. (Note 7)

	On March 6, 2014, the Board of Directors of the Company resolved to issue 7,758,621 common shares at $0.0145 per share, which was the closing price of our shares on that date, in connection with the issuance of bonuses to our Chief Executive Officer, and an employee of the Company (4,310,345 shares and 344,828 shares, respectively). In addition, we issued 3,103,448 shares to an employee of the Company in connection with the satisfaction of accrued salaries payable.

14_RESTATEMENT

14. RESTATEMENT	9 Months Ended
14. RESTATEMENT	Jan. 31, 2014
Accounting Changes and Error Corrections [Abstract]	'
Accounting Changes and Error Corrections [Text Block]	'
	14. RESTATEMENT

	The initial accounting for the fair value of certain over-riding royalty interests and net revenue interests in certain crude oil and natural gas properties (‘Interests’) sold during the fiscal quarter ended January 31, 2014 to an un-related third party resulted in the gain initially recognized being over-stated. The methodology initially utilized to arrive at the fair value applied to the Interests sold was inappropriately applied at the time the transaction was initially recorded. Related to the re-allocation of the fair value of the assets sold; the calculation of depletion on a field by field basis was re-performed. The issues were discovered in connection with the audit of our April 30, 2014 consolidated financial statements. The gain on the sale of assets initially reported as $1,728,235 was re-calculated utilizing the appropriate fair value to arrive at a net gain of $1,232,279. Depletion expense of $134,685 as reported through January 31, 2014 was re-calculated to be $496,659 for the nine months then ended. The net impact of these adjustments resulted in net income of $708,485 or $0.01 per share and $231,187 or $0.00 per share for the three months and nine months ended January 31, 2014, respectively as compared to a previously reported $1,566,415 or $0.03 per share and $1,089,117 or $0.02 per share for the three and nine months ended January 31, 2014, respectively.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	9 Months Ended
Accounting Policies, by Policy (Policies)	Jan. 31, 2014
Accounting Policies [Abstract]	'
Equity Method Investments, Policy [Policy Text Block]	'
	Equity Method Investment

	The Company has a 10% investment in JHE Energy Interests (“JHEI”) which is accounted for under the equity method of accounting. JHEI is engaged in the exploration, development, and production of oil and gas assets in the state of Texas. The Company’s investment in JHEI was $167,215 and $167,215 as of January 31, 2014 and April 30, 2013, respectively. The Company has elected to use the equity method, as we may have the ability to exercise significant influence on the investee. During the nine months ended January 31, 2014, we received earnings distributions of $23,980 related to the investment in JHEI.

	Transfer of Net Profits Interest

	During the nine months ended January 31, 2014 we paid a total of $8,330 to High Plains Oil and an unrelated party, related to their 10% retained net profits interest in our wholly-owned subsidiary, JHE Holdings, LLC (“JHE”). This net profits interest had been owned by High Plains Oil, LLC (“High Plains”), an entity controlled by S. Jeffrey Johnson our Chief Executive Officer. On May 9, 2013, High Plains transferred its ownership of the net profits interest to an unrelated third party.
Advances from Working Interest Partners [Policy Text Block]	'
	Advances from Working Interest Partners

	In January 2013, the Company entered into two Participation agreements, whereby the Company became the operator of two wells in Trego County, Kansas. Advances from working interest partners are included in accrued liabilities on our consolidated balance sheet in the amount of $46,209 as of January 31, 2014, and consisted of cash calls received from the other working interest owner, net of costs incurred on the respective wells.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recently Issued Accounting Pronouncements

	In July 2013, the FASB issued, ASU No. 2013-11 "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists" (“ASU 2013-11”). ASU 2013-11 addresses the diversity in practice that exists for the balance sheet presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. ASU No. 2013-11 is effective for the Company’s fiscal quarter ending July 31, 2014. ASU 2013-11 impacts balance sheet presentation only. The Company is currently evaluating the impact of the new rule but believes the balance sheet impact will not be material.

4_FAIR_VALUE_MEASUREMENTS_Tabl

4. FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jan. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

'The following table sets forth the liabilities as January 31, 2014, which are recorded on the balance sheet at fair value on a recurring basis by level within the fair value hierarchy. As required, these are classified based on the lowest level of input that is significant to the fair value measurement:

Fair Value Measurements at Reporting Date Using

Description

31-Jan-14

Quoted Prices in Active Markets for Identical Assets

Significant Other Observable Inputs

Significant Unobservable Inputs

(Level 1)

(Level 2)

(Level 3)

Derivative liabilities associated with convertible promissory notes

29,292

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

'The following table sets forth a summary of changes in fair value of our derivative liabilities for the period ended January 31, 2014.

31-Jan-14

Beginning balance May 1, 2013

63,671

Embedded conversion option liability recorded in connection with the issuance of convertible promissory notes

83,185

Changes in derivative liabilities recorded in connection with the conversion of convertible promissory notes

(49,724

)

Change in fair value of embedded beneficial conversion feature of convertible promissory notes included in earnings

(67,840

)

Ending balance January 31, 2014

29,292

5_INCOME_LOSS_PER_COMMON_SHARE1

5. INCOME (LOSS) PER COMMON SHARE (Tables)	9 Months Ended
5. INCOME (LOSS) PER COMMON SHARE (Tables)	Jan. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	'Diluted net income per common share is computed in the same manner, but also considers the effect of common stock shares underlying the following:

			31-Jan-14
	Common stock awards (a)			566,667
	Convertible notes payable (b)			4,390,000
	Common stock warrants			250,000
	Total			5,206,667
	(a)	Common stock awards represent unvested portion of common shares issuable to employees upon completion of the requisite vesting period.
	(b)	During the nine months ended January 31, 2014, $50,000 in cash was received from the issuance of convertible notes payable (Note 7). These notes contain an embedded conversion feature whereby the notes may be converted into shares of the Company’s common stock. The dilutive impact of these securities fluctuates based on the terms of the conversion feature. The dilutive impact as of January 31, 2014 has been included herein. The dilutive impact of a potential conversion of these notes in subsequent periods may, vary significantly depending on the market value of our common shares at the time of conversion.

6_OIL_AND_GAS_PROPERTIES_Table

6. OIL AND GAS PROPERTIES (Tables)	9 Months Ended
6. OIL AND GAS PROPERTIES (Tables)	Jan. 31, 2014
Oil and Gas Property [Abstract]	'
Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure [Table Text Block]	'The Company holds the following oil and gas interests:

		31-Jan-14			30-Apr-13

	Unproved Oil and Gas Properties	$	815,589		$	815,589
	Total Unproved Oil and Gas Properties		815,589			815,589
	Proved Oil and Gas Properties		2,449,225			3,110,292
	Total Proved Oil and Gas Properties		2,449,225			3,110,292
	Accumulated depletion, depreciation and amortization		(1,406,514	)		(912,634	)
	Net Oil and Gas Properties	$	1,858,300		$	3,013,247

7_NOTES_PAYABLE_Tables

7. NOTES PAYABLE (Tables)	9 Months Ended
7. NOTES PAYABLE (Tables)	Jan. 31, 2014
Debt Disclosure [Abstract]	'
Schedule of Debt [Table Text Block]	'As of January 31, 2014 and April 30, 2013, notes payable consisted of the following:

			31-Jan-14			30-Apr-13
	Current Portion
	(a) Convertible notes payable 10% – February 8, 2013		$	2,235,000		$	2,750,000
	(b) Convertible notes payable 10% – August 15, 2014			32,925			67,713
	(c) Convertible notes payable 6% – September 14, 2014			1,500,000			-
	Less discount on convertible notes payable			(104,672	)		(64,913	)
	Total current portion		$	3,663,253		$	2,752,800

	Long Term Portion
	(c) Convertible notes payable 6% – September 14, 2014		$	-		$	1,500,000
	Less discount on convertible notes payable			-			(169,288	)
	Total long term portion		$	-		$	1,330,712
	Total Notes Payable		$	3,663,253		$	4,083,512
	(a)	The 10% convertible notes became due on February 8, 2013 in the principal amount of $2,750,000. In January 2014 the Company paid a total of $1,000,000 cash, each of the two noteholders receiving $500,000. Of the total amount paid $515,000 was allocated to principal on the notes $257,500 for each note and $485,000 was allocated to interest $242,500 for each note. On February 28, 2014, the Company entered into new note agreements with the two noteholders. The amended and restated note agreements, each in the amount of $1,155,000, accrue interest at 12% per annum and mature on December 31, 2014. The new notes are collateralized by a security interest in the oil and gas properties held by JHE. The Company has maintained the right to continue selling interests in assets held by JHE provided that 70% of the proceeds from any sale by JHE be applied to the outstanding principal and accrued interest related to the amended and restated notes. In connection with the new note agreements we have agreed to issue 5,000,000 shares of our common stock to the noteholders. The Company at the election of the Chief Executive Officer has retained the right to vote these shares and we have retained the right to re-purchase any or all of these shares at a price of $0.15 per share for six months from the date of grant. In addition we have issued to the noteholders 2,500,000 warrants to purchase our common shares at $0.05 per share beginning on February 15, 2015. The Company has retained the right to call the warrants any time within the first six months from the date of issuance at $0.10 provided that we re-pay a minimum of $500,000 in principal on each note.
	(b)	On August 15, 2012, the Company entered into a convertible note agreement which allows the Company to borrow up to $555,000. The note matures on August 15, 2014. The terms of the note contain a 10% or $55,000 original issuance discount, to be pro-rated based on actual cash drawn in connection with the instrument. The note is convertible into common shares at the lesser of $0.55 or at a share value of 75% of the lowest closing share price for the 25 days preceding a conversion.
	During the nine months ended January 31, 2014, we received net cash proceeds of $50,000 related to borrowings under the terms of the initial note agreement. As of January 31, 2014, we had an outstanding balance of $32,925 under the terms of the note and recorded a discount in the amount of $28,803 to be amortized over the term of the note. The note bore no interest for the first 90 days and at 10% thereafter. The terms of the note indicate that if any principal were not repaid within 90 days of the initial funding, the 10% interest charge on all outstanding principal was to accrue immediately. Therefore we have accrued $5,000 as a component of the principal balance as of January 31, 2014. In addition we have recorded $5,000 in original issuance discount and $1,050 in fees as components of the principal balance.
	In connection with this conversion feature, we have recorded a derivative liability totaling $83,185 for the $50,000 draw related to the Level III fair value measurement of the conversion feature on the day one issuance of the debt. The value of the associated conversion liability will be re-valued at the end of each fiscal period with changes recorded as charges to our profit and loss. As of January 31, 2014, we have recorded a liability of $29,292 related to the embedded conversion feature and recorded gains of $67,840 during the nine months ended January 31, 2014, related to the change in its fair value. We used the Black-Scholes model in establishing the date of issuance fair value and end of reporting period fair value of the conversion liability. Key assumptions included in the fair value measurement of this liability included: volatility ranging from 199.51% on the date of issuance, to 280.44% as of the end of the reporting period; risk free interest rates ranging from 0.13% on the date of issuance, to 0.10% at the end of the reporting period; and an assumed dividend rate of 0%.
	In May, June and July 2013, the Company received conversion notices from the holders of the $555,000 convertible note. The conversion notices indicated the conversion of $82,838 in principal, accrued interest and original issuance discount into 2,296,749 common shares at conversion prices of $0.053, $0.053, $0.023 and $0.023 per share respectively (Note 8).
	In December 2013 and January 2014, the Company received conversion notices from the holders of the $555,000 convertible note. The conversion notices indicated the conversion of $28,125 in principal, accrued interest and original issuance discount into 2,700,000 shares of common stock at conversion prices of $0.01875 and $0.075 per share respectively (Note 8).
	Subsequent to January 31, 2014, an additional $23,880 in principal, accrued interest and original issuance discount was converted into 4,000,000 shares of our common stock at prices ranging from $0.006 to $0.005925 per share.
	(c)	On September 14, 2011, the Company issued 6% convertible notes in the total amount of $1,500,000. The notes are due and payable on September 14, 2014 and bear interest at the rate of 6% per annum. The notes are convertible at the option of the holder into common shares at a conversion price of $1.50 per share. The notes are redeemable prior to maturity at the option of the Company and can be repaid in whole or in part at any time without a premium or penalty. Upon issuance, the notes were discounted by $370,000 to reflect the beneficial conversion value that existed on that date. This discount is being amortized over the term of the note payable utilizing the effective interest method. As of January 31, 2014, the remaining unamortized discount related to the notes was $76,027. Interest is payable with the principal on September 14, 2014.

9_SHARE_BASED_COMPENSATION_Tab

9. SHARE BASED COMPENSATION (Tables)	9 Months Ended
9. SHARE BASED COMPENSATION (Tables)	Jan. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'A summary of the Company’s common-stock options activity through January 31, 2014, is presented below:

		Shares			Weighted Average Exercise Price
	Balance at April 30, 2013		350,000		$	0.5
	Forfeitures		(350,000	)		0.5
	Balance at end of period		-		$	-
	Exercisable at January 31, 2014		-		$	-

2_GOING_CONCERN_Details

2. GOING CONCERN (Details) (USD $)	3 Months Ended		9 Months Ended
2. GOING CONCERN (Details) (USD $)	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013	Apr. 30, 2013	Apr. 30, 2012
Going Concern [Abstract]	'	'	'	'	'	'
Cash and Cash Equivalents, at Carrying Value	$772,489	$147,831	$772,489	$147,831	$125,109	$60,626
Working Capital (Deficit)	-3,402,989	'	-3,402,989	'	'	'
Net Income (Loss) Attributable to Parent	708,485	-1,568,882	231,187	-9,374,799	'	'
Operating Income (Loss)	779,391	-1,118,324	442,559	-7,433,934	'	'
Net Cash Provided by (Used in) Operating Activities	'	'	($635,657)	($530,892)	'	'

3_SUMMARY_OF_SIGNIFICANT_ACCOU1

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Details) (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013	Apr. 30, 2013
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Details) [Line Items]	'	'	'	'	'
Other Long-term Investments	$167,215	'	$167,215	'	$167,215
Proceeds from Equity Method Investment, Dividends or Distributions	'	'	0	12,535	'
Equity Method Investment, Dividends or Distributions, Paid	39,193	9,827	84,330	-89	'
Advances from Working Interest Partners	46,209	'	46,209	'	'
JHE Energy Interests (JHEI) [Member]	'	'	'	'	'
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Details) [Line Items]	'	'	'	'	'
Other Long-term Investments	167,215	'	167,215	'	167,215
Proceeds from Equity Method Investment, Dividends or Distributions	'	'	23,980	'	'
Equity Method Investment, Dividends or Distributions, Paid	'	'	$8,330	'	'
Equity Method Investment, Ownership Percentage	10.00%	'	10.00%	'	'

4_FAIR_VALUE_MEASUREMENTS_Deta

4. FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (USD $)	Jan. 31, 2014	Apr. 30, 2013
4. FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Derivative liabilities associated with convertible promissory notes	$29,292	$63,671
Fair Value, Inputs, Level 1 [Member]	'	'
4. FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Derivative liabilities associated with convertible promissory notes	0	'
Fair Value, Inputs, Level 2 [Member]	'	'
4. FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Derivative liabilities associated with convertible promissory notes	0	'
Fair Value, Inputs, Level 3 [Member]	'	'
4. FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Derivative liabilities associated with convertible promissory notes	$29,292	'

4_FAIR_VALUE_MEASUREMENTS_Deta1

4. FAIR VALUE MEASUREMENTS (Details) - Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation (USD $)	9 Months Ended
	Jan. 31, 2014
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]	'
Beginning balance May 1, 2013	$63,671
Embedded conversion option liability recorded in connection with the issuance of convertible promissory notes	83,185
Changes in derivative liabilities recorded in connection with the conversion of convertible promissory notes	-49,724
Change in fair value of embedded beneficial conversion feature of convertible promissory notes included in earnings	-67,840
Ending balance January 31, 2014	$29,292

5_INCOME_LOSS_PER_COMMON_SHARE2

5. INCOME (LOSS) PER COMMON SHARE (Details) (USD $)	9 Months Ended
5. INCOME (LOSS) PER COMMON SHARE (Details) (USD $)	Jan. 31, 2014	Jan. 31, 2013
Earnings Per Share [Abstract]	'	'
Proceeds from Convertible Debt	$50,000	$125,000

5_INCOME_LOSS_PER_COMMON_SHARE3

5. INCOME (LOSS) PER COMMON SHARE (Details) - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	9 Months Ended
	Jan. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'
Potentially dilutive securities outstanding	5,206,667
Stock Compensation Plan [Member]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'
Potentially dilutive securities outstanding	566,667	[1]
Convertible Debt Securities [Member]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'
Potentially dilutive securities outstanding	4,390,000	[2]
Warrant [Member]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'
Potentially dilutive securities outstanding	250,000

[1]	Common stock awards represent unvested portion of common shares issuable to employees upon completion of the requisite vesting period.
[2]	During the nine months ended January 31, 2014, $50,000 in cash was received from the issuance of convertible notes payable (Note 7). These notes contain an embedded conversion feature whereby the notes may be converted into shares of the Company's common stock. The dilutive impact of these securities fluctuates based on the terms of the conversion feature. The dilutive impact as of January 31, 2014 has been included herein. The dilutive impact of a potential conversion of these notes in subsequent periods may, vary significantly depending on the market value of our common shares at the time of conversion.

6_OIL_AND_GAS_PROPERTIES_Detai

6. OIL AND GAS PROPERTIES (Details) (USD $)	3 Months Ended		9 Months Ended		0 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013	Jan. 24, 2014
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013	Royalty Interest [Member]
6. OIL AND GAS PROPERTIES (Details) [Line Items]	'	'	'	'	'
Productive Oil Wells, Number of Wells, Net	'	'	'	'	14
Capitalized Costs, Oil and Gas Producing Activities, Net	'	'	'	'	$665,165
Proceeds from Sale of Oil and Gas Property and Equipment	'	'	1,897,444	0	1,897,444
Gain (Loss) on Disposition of Oil and Gas Property	$1,232,279	$0	$1,232,279	$0	$1,232,279

6_OIL_AND_GAS_PROPERTIES_Detai1

6. OIL AND GAS PROPERTIES (Details) - Schedule of Oil and Gas Interests (USD $)	Jan. 31, 2014	Apr. 30, 2013
Schedule of Oil and Gas Interests [Abstract]	'	'
Unproved Oil and Gas Properties	$815,589	$815,589
Proved Oil and Gas Properties	2,449,225	3,110,292
Accumulated depletion, depreciation and amortization	-1,406,514	-912,634
Net Oil and Gas Properties	$1,858,300	$3,013,247

7_NOTES_PAYABLE_Details

7. NOTES PAYABLE (Details) (USD $)

9 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

3 Months Ended

9 Months Ended

1 Months Ended

0 Months Ended

Jan. 31, 2014

Jan. 31, 2013

Apr. 30, 2013

Mar. 04, 2014

Mar. 14, 2014

Feb. 28, 2014

Aug. 15, 2012

Jan. 31, 2014

Aug. 15, 2012

Jan. 31, 2014

Jul. 31, 2013

Jan. 31, 2014

Jan. 23, 2014

Dec. 20, 2013

Jul. 03, 2013

Jun. 19, 2013

23-May-13

7-May-13

Jan. 31, 2014

Aug. 15, 2012

Jan. 31, 2014

Aug. 15, 2012

Jan. 31, 2014

Sep. 14, 2011

Jan. 31, 2014

Subsequent Event [Member]

Fair Value, Inputs, Level 3 [Member]

10% Convertible Notes [Member]

12% Convertible Notes [Member]

6% Convertible Notes [Member]

10% Convertible Notes [Member]

12% Convertible Notes [Member]

10% Convertible Notes [Member]

Convertible Note 1 [Member]

Convertible Note 2 [Member]

Maximum [Member]

Minimum [Member]

Convertible Note 1 [Member]

Convertible Note 2 [Member]

Maximum [Member]

Minimum [Member]

Convertible Note 1 [Member]

Convertible Note 2 [Member]

Maximum [Member]

7. NOTES PAYABLE (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

12.00%

10.00%

0.00%

6.00%

Debt Instrument, Face Amount

$1,155,000

$2,750,000

$555,000

$1,500,000

Debt Instrument, Increase (Decrease), Net

500,000

1,000,000

Number of Note Holders

Repayments of Convertible Debt

515,000

257,500

515,000

Interest Paid

485,103

33,453

242,500

485,000

Debt Instrument, Collateral

'The new notes are collateralized by a security interest in the oil and gas properties held by JHE.

Debt Instrument, Payment Required from Sale of Assets, Percentage

70.00%

Stock Issued During Period, Shares, Other (in Shares)

2,500,000

5,000,000

Shares Repurchased, Price Per Share (in Dollars per share)

$0.15

Class of Warrant or Rights, Granted (in Shares)

2,500,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

$0.05

$0.10

Class of Warrants or Rights, Call of Warrants or Rights, Term

'6 months

Debt Instrument, Periodic Payment, Principal

500,000

Debt Instrument, Original Issue Discount Rate

10.00%

Debt Instrument, Unamortized Discount

55,000

28,803

76,027

Debt Instrument, Convertible, Terms of Conversion Feature

'The note is convertible into common shares at the lesser of $0.55 or at a share value of 75% of the lowest closing share price for the 25 days preceding a conversion.

Proceeds from (Repayments of) Debt

50,000

Long-term Debt, Current Maturities

32,925

Debt Instrument, Term

'90 days

Interest Payable, Current

227,890

436,890

5,000

Debt Issuance Cost

1,050

Derivative Liability, Current

29,292

63,671

83,185

29,292

Embedded Derivative, Gain on Embedded Derivative

67,840

Fair Value Assumptions, Expected Volatility Rate

280.44%

199.51%

Fair Value Assumptions, Risk Free Interest Rate

0.10%

0.13%

Fair Value Assumptions, Expected Dividend Rate

0.00%

Debt Conversion, Original Debt, Amount

23,880

28,125

82,838

Debt Conversion, Converted Instrument, Shares Issued (in Shares)

4,000,000

2,700,000

2,296,749

Debt Instrument, Convertible, Conversion Price (in Dollars per share)

$0.01

$0.08

$0.02

$0.05

$1.50

Debt Instrument, Convertible, Beneficial Conversion Feature

$370,000

7_NOTES_PAYABLE_Details_Schedu

7. NOTES PAYABLE (Details) - Schedule of Debt (USD $)	Jan. 31, 2014		Apr. 30, 2013
7. NOTES PAYABLE (Details) - Schedule of Debt [Line Items]	'		'
Convertible debt, current	$3,663,253		$2,752,800
Total long term portion	0		1,330,712
Total Notes Payable	3,663,253		4,083,512
Total current portion	3,663,253		2,752,800
(c) Convertible notes payable 6% b September 14, 2014	0		1,330,712
Convertible Debt [Member] \| 12% Convertible Notes [Member]	'		'
7. NOTES PAYABLE (Details) - Schedule of Debt [Line Items]	'		'
Convertible debt, current	2,235,000	[1]	2,750,000	[1]
Convertible Debt [Member] \| 10% Convertible Notes [Member]	'		'
7. NOTES PAYABLE (Details) - Schedule of Debt [Line Items]	'		'
Convertible debt, current	32,925	[2]	67,713	[2]
Convertible Debt [Member] \| 6% Convertible Notes [Member]	'		'
7. NOTES PAYABLE (Details) - Schedule of Debt [Line Items]	'		'
Convertible debt, current	1,500,000	[3]	0	[3]
Convertible Debt [Member]	'		'
7. NOTES PAYABLE (Details) - Schedule of Debt [Line Items]	'		'
Discount on convertible notes payable	-104,672		-64,913
Convertible Debt [Member] \| 6% Convertible Notes [Member]	'		'
7. NOTES PAYABLE (Details) - Schedule of Debt [Line Items]	'		'
(c) Convertible notes payable 6% b September 14, 2014	0	[3]	1,500,000	[3]
Convertible Debt [Member]	'		'
7. NOTES PAYABLE (Details) - Schedule of Debt [Line Items]	'		'
Discount on convertible notes payable	$0		($169,288)

[1]	The 10% convertible notes became due on February 8, 2013 in the principal amount of $2,750,000. In January 2014 the Company paid a total of $1,000,000 cash, each of the two noteholders receiving $500,000. Of the total amount paid $515,000 was allocated to principal on the notes $257,500 for each note and $485,000 was allocated to interest $242,500 for each note. On February 28, 2014, the Company entered into new note agreements with the two noteholders. The amended and restated note agreements, each in the amount of $1,155,000, accrue interest at 12% per annum and mature on December 31, 2014. The new notes are collateralized by a security interest in the oil and gas properties held by JHE. The Company has maintained the right to continue selling interests in assets held by JHE provided that 70% of the proceeds from any sale by JHE be applied to the outstanding principal and accrued interest related to the amended and restated notes. In connection with the new note agreements we have agreed to issue 5,000,000 shares of our common stock to the noteholders. The Company at the election of the Chief Executive Officer has retained the right to vote these shares and we have retained the right to re-purchase any or all of these shares at a price of $0.15 per share for six months from the date of grant. In addition we have issued to the noteholders 2,500,000 warrants to purchase our common shares at $0.05 per share beginning on February 15, 2015. The Company has retained the right to call the warrants any time within the first six months from the date of issuance at $0.10 provided that we re-pay a minimum of $500,000 in principal on each note.
[2]	On August 15, 2012, the Company entered into a convertible note agreement which allows the Company to borrow up to $555,000. The note matures on August 15, 2014. The terms of the note contain a 10% or $55,000 original issuance discount, to be pro-rated based on actual cash drawn in connection with the instrument. The note is convertible into common shares at the lesser of $0.55 or at a share value of 75% of the lowest closing share price for the 25 days preceding a conversion.During the nine months ended January 31, 2014, we received net cash proceeds of $50,000 related to borrowings under the terms of the initial note agreement. As of January 31, 2014, we had an outstanding balance of $32,925 under the terms of the note and recorded a discount in the amount of $28,803 to be amortized over the term of the note. The note bore no interest for the first 90 days and at 10% thereafter. The terms of the note indicate that if any principal were not repaid within 90 days of the initial funding, the 10% interest charge on all outstanding principal was to accrue immediately. Therefore we have accrued $5,000 as a component of the principal balance as of January 31, 2014. In addition we have recorded $5,000 in original issuance discount and $1,050 in fees as components of the principal balance.In connection with this conversion feature, we have recorded a derivative liability totaling $83,185 for the $50,000 draw related to the Level III fair value measurement of the conversion feature on the day one issuance of the debt. The value of the associated conversion liability will be re-valued at the end of each fiscal period with changes recorded as charges to our profit and loss. As of January 31, 2014, we have recorded a liability of $29,292 related to the embedded conversion feature and recorded gains of $67,840 during the nine months ended January 31, 2014, related to the change in its fair value. We used the Black-Scholes model in establishing the date of issuance fair value and end of reporting period fair value of the conversion liability. Key assumptions included in the fair value measurement of this liability included: volatility ranging from 199.51% on the date of issuance, to 280.44% as of the end of the reporting period; risk free interest rates ranging from 0.13% on the date of issuance, to 0.10% at the end of the reporting period; and an assumed dividend rate of 0%.In May, June and July 2013, the Company received conversion notices from the holders of the $555,000 convertible note. The conversion notices indicated the conversion of $82,838 in principal, accrued interest and original issuance discount into 2,296,749 common shares at conversion prices of $0.053, $0.053, $0.023 and $0.023 per share respectively (Note 8).In December 2013 and January 2014, the Company received conversion notices from the holders of the $555,000 convertible note. The conversion notices indicated the conversion of $28,125 in principal, accrued interest and original issuance discount into 2,700,000 shares of common stock at conversion prices of $0.01875 and $0.075 per share respectively (Note 8).Subsequent to January 31, 2014, an additional $23,880 in principal, accrued interest and original issuance discount was converted into 4,000,000 shares of our common stock at prices ranging from $0.006 to $0.005925 per share.
[3]	On September 14, 2011, the Company issued 6% convertible notes in the total amount of $1,500,000. The notes are due and payable on September 14, 2014 and bear interest at the rate of 6% per annum. The notes are convertible at the option of the holder into common shares at a conversion price of $1.50 per share. The notes are redeemable prior to maturity at the option of the Company and can be repaid in whole or in part at any time without a premium or penalty. Upon issuance, the notes were discounted by $370,000 to reflect the beneficial conversion value that existed on that date. This discount is being amortized over the term of the note payable utilizing the effective interest method. As of January 31, 2014, the remaining unamortized discount related to the notes was $76,027. Interest is payable with the principal on September 14, 2014.

7_NOTES_PAYABLE_Details_Schedu1

7. NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals)	9 Months Ended	12 Months Ended
	Jan. 31, 2014	Apr. 30, 2013
Convertible Debt [Member] \| 12% Convertible Notes [Member]	'	'
7. NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]	'	'
Convertible debt, maturity date	8-Feb-13	8-Feb-13
Convertible debt, interest rate	10.00%	10.00%
Convertible Debt [Member] \| 10% Convertible Notes [Member]	'	'
7. NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]	'	'
Convertible debt, maturity date	15-Aug-14	15-Aug-14
Convertible debt, interest rate	10.00%	10.00%
Convertible Debt [Member] \| 6% Convertible Notes [Member]	'	'
7. NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]	'	'
Convertible debt, maturity date	14-Sep-14	14-Sep-14
Convertible debt, interest rate	6.00%	6.00%
Convertible Debt [Member] \| 6% Convertible Notes [Member]	'	'
7. NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]	'	'
Convertible debt, maturity date	14-Sep-14	14-Sep-14
Convertible debt, interest rate	6.00%	6.00%

8_SHAREHOLDERS_EQUITY_Details

8. SHAREHOLDERS' EQUITY (Details) (USD $)

9 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

9 Months Ended

Jan. 31, 2014

Jan. 31, 2013

Apr. 30, 2013

Aug. 30, 2013

Jun. 27, 2013

Aug. 30, 2013

Jun. 27, 2013

Mar. 06, 2014

Jun. 27, 2013

Aug. 30, 2014

Jun. 27, 2013

Mar. 06, 2014

Jul. 12, 2013

Mar. 06, 2014

Mar. 04, 2014

Mar. 12, 2014

Jan. 31, 2014

Jan. 23, 2014

Dec. 20, 2013

Jul. 03, 2013

Jun. 19, 2013

23-May-13

7-May-13

Jan. 31, 2014

Chief Executive Officer [Member]

Employee [Member]

Former Director [Member]

Stock Issued for Bonus [Member]

10% Convertible Notes [Member]

Stock Issued with Completion of Vesting Requirements [Member]

Stock Issued as Allowance for Income Tax Effect [Member]

Stock Issued with Forgiveness of Accrued Salares [Member]

Stock Issued for Bonus [Member]

Stock Issued with Completion of Vesting Requirements [Member]

Stock Issued with Forgiveness of Accrued Salares [Member]

Stock Issued for Bonus [Member]

Subsequent Event [Member]

Convertible Note 1 [Member]

Convertible Note 2 [Member]

Minimum [Member]

Maximum [Member]

8. SHAREHOLDERS' EQUITY (Details) [Line Items]

Common Stock, Shares Authorized

100,000,000

Common Stock, Par or Stated Value Per Share (in Dollars per share)

$0.00

Common Stock, Shares, Issued

53,856,175

44,173,404

Common Stock, Shares, Outstanding

53,856,175

44,173,404

Stock Issued During Period, Shares, Conversion of Convertible Securities

4,000,000

2,000,000

700,000

650,320

650,000

496,429

500,000

Shares Issued, Price Per Share (in Dollars per share)

$0.04

$0.05

$0.08

$2.60

$0.05

$0.60

$0.01

$0.02

$0.05

Debt Conversion, Original Debt, Amount (in Dollars)

$23,880

$13,125

$15,266

$15,259

$26,062

$26,250

$15,000

Stock Issued During Period, Shares, Other

504,834

504,833

126,208

252,416

1,591,675

4,310,345

757,249

1,568,750

344,828

7,758,621

2,500,000

5,000,000

Share-based Compensation (in Dollars)

393,002

2,562,111

15,917

10,196

5,048

15,688

Stock Issued During Period, Shares, Issued for Services

33,333

3,103,448

Extinguishment of Debt, Amount (in Dollars)

$63,667

$62,750

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

103,973

7,758,621

Class of Warrant or Right, Outstanding

250,000

Class of Warrant or Rights, Weighted-Average Exercise Price of Warrants or Rights, Outstanding (in Dollars per share)

$2.75

Warrants, Weighted-Average Remaining Contractual Term

'1 year 102 days

9_SHARE_BASED_COMPENSATION_Det

9. SHARE BASED COMPENSATION (Details) (USD $)	9 Months Ended
9. SHARE BASED COMPENSATION (Details) (USD $)	Jan. 31, 2014	Jan. 31, 2013
9. SHARE BASED COMPENSATION (Details) [Line Items]	'	'
Share-based Compensation	$393,002	$2,562,111
Former Chief Financial Officer [Member]	'	'
9. SHARE BASED COMPENSATION (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested Options Forfeited, Number of Shares (in Shares)	350,000	'

9_SHARE_BASED_COMPENSATION_Det1

9. SHARE BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Stock Options, Activity (USD $)	9 Months Ended
	Jan. 31, 2014
Schedule of Share-based Compensation, Stock Options, Activity [Abstract]	'
Balance at April 30, 2013	350,000
Balance at April 30, 2013	$0.50
Forfeitures	-350,000
Forfeitures	$0.50
Balance at end of period	0
Balance at end of period	$0
Exercisable at January 31, 2014	0
Exercisable at January 31, 2014	$0

11_RELATED_PARTY_TRANSACTIONS_

11. RELATED PARTY TRANSACTIONS (Details) (Affiliated Entity [Member], Cash Payments to Retain Net Profits Interest [Member], USD $)	9 Months Ended
	Jan. 31, 2014
Affiliated Entity [Member] \| Cash Payments to Retain Net Profits Interest [Member]	'
11. RELATED PARTY TRANSACTIONS (Details) [Line Items]	'
Related Party Transaction, Amounts of Transaction	$8,330

12_LITIGATION_Details

12. LITIGATION (Details) (Litigation with Convertible Note Holders [Member], USD $)	0 Months Ended
	Feb. 28, 2014	Oct. 28, 2013
Litigation with Convertible Note Holders [Member]	'	'
12. LITIGATION (Details) [Line Items]	'	'
Loss Contingency, Allegations	'	'On October 28, 2013, the holders of our 10% convertible notes due February 8, 2013 in the principal amount of $2,750,000 filed a legal action against the Company in the District Court for Clark County, Nevada, in an attempt to collect the outstanding balance related to these notes.
Loss Contingency, Settlement Agreement, Terms	'On February 28, 2014, the Company entered into a settlement agreement and new note agreements with the holders. The amended and restated note agreements, each in the amount of $1,155,000, accrue interest at 12% per annum and mature on December 31, 2014.	'
Litigation Settlement, Amount	$1,155,000	'
Debt Instrument, Interest Rate, Stated Percentage	12.00%	'

13_SUBSEQUENT_EVENTS_Details

13. SUBSEQUENT EVENTS (Details) (USD $)

Jan. 31, 2014

Mar. 06, 2014

Jun. 27, 2013

Mar. 06, 2014

Feb. 28, 2014

Mar. 04, 2014

Mar. 14, 2014

Jan. 31, 2014

Jul. 31, 2013

Aug. 15, 2012

Chief Executive Officer [Member]

Employee [Member]

Stock Issued for Bonus [Member]

Subsequent Event [Member]

10% Convertible Notes [Member]

Stock Issued for Bonus [Member]

Subsequent Event [Member]

12% Convertible Notes [Member]

10% Convertible Notes [Member]

Maximum [Member]

Minimum [Member]

Subsequent Event [Member]

Convertible Note 1 [Member]

Convertible Note 2 [Member]

Maximum [Member]

Minimum [Member]

Convertible Note 1 [Member]

Convertible Note 2 [Member]

Maximum [Member]

Minimum [Member]

13. SUBSEQUENT EVENTS (Details) [Line Items]

Debt Instrument, Face Amount (in Dollars)

$1,155,000

$2,750,000

$555,000

Debt Instrument, Interest Rate, Stated Percentage

12.00%

10.00%

0.00%

Debt Instrument, Collateral

'The new notes are collateralized by a security interest in the oil and gas properties held by JHE.

Debt Instrument, Payment Required from Sale of Assets, Percentage

70.00%

Stock Issued During Period, Shares, Other

4,310,345

757,249

344,828

7,758,621

5,000,000

2,500,000

5,000,000

Shares Repurchased, Price Per Share (in Dollars per share)

$0.15

Class of Warrant or Rights, Granted

2,500,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

$0.05

$0.10

Class of Warrants or Rights, Call of Warrants or Rights, Term

'6 months

Class of Warrant or Rights, Weighted-Average Exercise Price of Warrants or Rights, Outstanding (in Dollars per share)

$2.75

$0.10

Debt Instrument, Periodic Payment (in Dollars)

500,000

Stock Issued During Period, Shares, Conversion of Convertible Securities

4,000,000

Shares Issued, Price Per Share (in Dollars per share)

$0.08

$0.01

Debt Conversion, Original Debt, Amount (in Dollars)

$23,880

$28,125

$82,838

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

7,758,621

Stock Issued During Period, Shares, Issued for Services

3,103,448

14_RESTATEMENT_Details

14. RESTATEMENT (Details) (USD $)	3 Months Ended		9 Months Ended
14. RESTATEMENT (Details) (USD $)	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013
14. RESTATEMENT (Details) [Line Items]	'	'	'	'
Gain (Loss) on Disposition of Oil and Gas Property	$1,232,279	$0	$1,232,279	$0
Depreciation, Depletion and Amortization	385,988	115,647	496,659	331,873
Net Income (Loss) Attributable to Parent	708,485	-1,568,882	231,187	-9,374,799
Scenario, Previously Reported [Member]	'	'	'	'
14. RESTATEMENT (Details) [Line Items]	'	'	'	'
Gain (Loss) on Disposition of Oil and Gas Property	'	'	1,728,235	'
Depreciation, Depletion and Amortization	'	'	134,685	'
Net Income (Loss) Attributable to Parent	1,566,415	'	1,089,117	'
Earnings Per Share, Basic and Diluted (in Dollars per share)	$0.03	'	$0.02	'
Scenario, Actual [Member]	'	'	'	'
14. RESTATEMENT (Details) [Line Items]	'	'	'	'
Gain (Loss) on Disposition of Oil and Gas Property	'	'	1,232,279	'
Depreciation, Depletion and Amortization	'	'	496,659	'
Net Income (Loss) Attributable to Parent	$708,485	'	$231,187	'
Earnings Per Share, Basic and Diluted (in Dollars per share)	$0.01	'	$0	'