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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities    
Net Loss $ (3,512,097) $ (3,048,978)
Adjustments to Reconcile Net Losses to Net Cash Used in Operating Activities:    
Depreciation, Depletion, Amortization and Accretion 327,200 572,041
Impairment of Oil and Gas Properties 531,657 775,374
Gain on Sale of Oil and Gas Properties   (1,195)
Share-Based Compensation 343,629 4,816
Amortization of Discount on Notes 252,709 275,935
Change in Fair Value of Derivative Liability   (15,171)
Changes in Components of Working Capital and Other Assets:    
Accounts Receivable (36,091) 114,370
Other Current Assets 228,733 52,451
Accounts Payable and Accrued Expenses 617,963 855,561
Net Cash Used in Operating Activities (1,246,307) (414,796)
Investing Cash Flows    
Cash paid for Oil and Gas Property Development Costs (763,266) (647,154)
Cash paid for deposits (141,009)  
Proceeds from Sale of Oil and Gas Properties   400,000
Net Cash Used in Investing Activities (904,275) (247,154)
Financing Cash Flows    
Proceeds from issuance of Preferred C Shares 2,000,000  
Principal Repayments of Notes Payable   (707,854)
Net Cash Provided By (Used In) Financing Activities 2,000,000 (707,854)
Decrease in Cash, Cash Equivalents, and Restricted Cash (150,582) (1,369,804)
Cash, Cash Equivalents, and Restricted Cash at Beginning of the Period 789,151 2,389,761
Cash, Cash Equivalents, and Restricted Cash at End of the Period $ 638,659 $ 1,019,957

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