Quarterly report pursuant to Section 13 or 15(d)

8. EARNINGS PER SHARE INFORMATION (Tables)

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8. EARNINGS PER SHARE INFORMATION (Tables)
 9 Months Ended
Dec. 31, 2012
Earnings Per Share Information Tables  
Calculation Of The Basic Earnings Per Share
  Three months ended   Nine months ended
  December 31, 2012   December 31, 2011   December 31, 2012   December 31, 2011
                       
Net loss from continuing operations $  (781,394)   $   (304,217)   $  (2,566,476)   $   (23,600,163)
Net loss on sale of Emir Oil   -     -     -     (127,147,771)
Net income from discontinued operations   -     -     -   11,899,714
Basic weighted-average common shares outstanding   55,787,554     55,787,554     55,787,554     55,787,554
                       
Basic loss per common share from continuing operations $              (0.01)   $   (0.01)   $  (0.05)   $   (0.42)
Basic loss per common share on sale of Emir Oil $                      -   $            -   $                      -   $   (2.28)
Basic income per common share from discontinued operations $                    -   $  -   $  -   $   0.21
Total basic loss per common share $             (0.01)   $   (0.01)   $             (0.05)   $   (2.49)