Quarterly report pursuant to Section 13 or 15(d)

LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Tables)

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LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Tables)
6 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of net assets sold and gain recognized in connection with the Assumption Agreement and Sale Agreement

The following table summarizes the net assets sold and gain recognized in connection with the Assumption Agreement and Sale Agreement:

  Transaction Summary
Assumption of IBC Loan   $ 36,943,617  
Assumption of ARO Liability     699,536  
Assumption of Capital Lease Obligations and Other     287,074  
Cash Received at Closing     100  
Oil and Gas Properties Transferred     (12,122,081 )
Total Gain on Sale   $ 25,808,246