SUPPLEMENTARY OIL AND NATURAL GAS INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Sep. 30, 2019

Oil and Gas Exploration and Production Industries Disclosures [Abstract]

Summary of changes in the estimates of net interests in total proved developed reserves of oil and natural gas liquids and natural gas

	OIL & NGL (Bbls)		GAS (Mcf)		Total (Boe)
Proved reserves:
Balance at September 30, 2017	413,000		3,005,000		931,000
Revisions of previous estimates	(2,000	)	(1,571,000	)	(273,000	)
Extensions, discoveries and other additions	46,000		144,000		71,000
Acquisitions of reserves	1,296,000		4,060,000		1,997,000
Less sales of reserves	(96,000	)	(255,000	)	(141,000	)
Less production	(67,000	)	(328,000	)	(123,000	)
Balance at September 30, 2018	1,590,000		5,055,000		2,462,000
Revisions of previous estimates	(74,000	)	(21,000	)	(78,000	)
Extensions, discoveries and other additions	14,000		33,000		20,000
Acquisitions of reserves	30,000		81,000		44,000
Less production	(141,000	)	(628,000	)	(250,000	)
Proved Reserves, September 30, 2019	1,419,000		4,520,000		2,198,000
Proved Developed Reserves, September 30, 2019	529,000		1,900,000		856,000
Proved Undeveloped Reserves, September 30, 2019	890,000		2,620,000		1,342,000

Schedule of capitalized costs relating to oil and natural gas producing activities

All capitalized costs relating to oil and natural gas producing activities, which were being depleted in all years, are summarized as follows:

	September 30,
	2019		2018
Proved properties	$	62,075,000	$	63,766,000
Unproved properties	130,000		180,000
Total capitalized costs	62,205,000		63,946,000
Accumulated depletion and depreciation	55,972,000		48,769,000
Net capitalized costs	$	6,233,000	$	15,177,000

Schedule of costs incurred in oil and natural gas property acquisition, exploration and development

	Year ended September 30,
	2019			2018
Acquisition of properties:
Unproved	$	—		$	6,000
Proved	668,000			13,422,000
Development costs	(622,000		)	—
Total	$	46,000		$	13,428,000

Schedule of results of operations for oil and natural gas producing activities

	Year ended September 30,
	2019			2018
Net revenues	$	6,406,000		$	3,706,000
Production costs	(5,213,000		)	(2,633,000		)
Depletion	(2,680,000		)	(826,000		)
Reduction of carrying value of oil and natural gas properties	(5,710,000		)	—
Pre-tax results of operations (1)	(7,197,000		)	247,000
Estimated income tax (expense) benefit (2)	(160,000		)	83,000
Results of operations (1)	$	(7,357,000	)	$	330,000

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(1)   Before gain on sale of oil and natural gas properties, general and administrative expenses, interest expense, and foreign exchange gains and losses.

(2) Estimated income tax (expense) benefit includes changes to the deferred income tax valuation allowance necessary for the portion of Canadian tax law deferred tax assets that may not be realizable.

Schedule of standardized measure of discounted future net cash flows

	September 30,
	2019			2018
Future cash inflows	$	65,720,000		$	83,947,000
Future production costs	(54,923,000		)	(41,130,000		)
Future development costs	(13,295,000		)	(13,753,000		)
Future income tax expenses	(450,000		)	(6,236,000		)
Future net cash flows	(2,948,000		)	22,828,000
10% annual discount for timing of cash flows	5,258,000			(8,992,000		)
Standardized measure of discounted future net cash flows	$	2,310,000		$	13,836,000

Schedule of changes in standardized measure of discounted future net cash flows

	Year ended September 30,
	2019			2018
Beginning of year	$	13,836,000		$	4,317,000
Sales of oil and natural gas produced, net of production costs	(1,193,000		)	(1,073,000		)
Net changes in prices and production costs, net of royalties and wellhead taxes	(15,358,000		)	(726,000		)
Extensions and discoveries	891,000			2,224,000
Net change due to purchases and sales of minerals in place	334,000			10,373,000
Revisions of previous quantity estimates	(71,000		)	(491,000		)
Net change in income taxes	3,792,000			(3,388,000		)
Accretion of discount	1,350,000			418,000
Other - changes in the timing of future production and other	(932,000		)	2,315,000
Other - net change in Canadian dollar translation rate	(339,000		)	(133,000		)
Net change	(11,526,000		)	9,519,000
End of year	$	2,310,000		$	13,836,000