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SEGMENT AND GEOGRAPHIC INFORMATION (Details) - USD ($)
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Revenues:    
Revenue before interest income $ 12,013,000 $ 9,206,000
Interest income 62,000 162,000
Total revenues 12,075,000 9,368,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 3,022,000 1,111,000
Impairment:    
Impairment of assets 5,710,000 202,000
Operating (loss) profit (before general and administrative expenses):    
Total operating profit (loss) (6,905,000) 3,865,000
Equity in income (loss) of affiliates:    
Equity in (loss) income of affiliates (276,000) 223,000
General and administrative expenses (5,524,000) (6,262,000)
Interest expense (5,000) (7,000)
Interest income 62,000 162,000
Loss before income taxes (12,648,000) (2,019,000)
Capital Expenditures:    
Capital Expenditure 1,309,000 13,542,000
Assets By Segment:    
Total assets 18,302,000 31,378,000
Oil and natural gas    
Revenues:    
Revenue before interest income 6,406,000 3,706,000
Total revenues 6,406,000 3,706,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 2,680,000 826,000
Impairment:    
Impairment of assets 5,710,000 0
Operating (loss) profit (before general and administrative expenses):    
Total operating profit (loss) (7,197,000) 247,000
Land investment    
Revenues:    
Revenue before interest income 165,000 1,645,000
Total revenues 165,000 1,645,000
Impairment:    
Impairment of assets 0 37,000
Operating (loss) profit (before general and administrative expenses):    
Total operating profit (loss) 165,000 1,608,000
Contract drilling    
Revenues:    
Revenue before interest income 5,349,000 3,769,000
Total revenues 5,349,000 3,769,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 287,000 223,000
Operating (loss) profit (before general and administrative expenses):    
Total operating profit (loss) 89,000 (104,000)
Other    
Revenues:    
Revenue before interest income 93,000 86,000
Total revenues 155,000 248,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 55,000 62,000
Impairment:    
Impairment of assets 0 165,000
Intersegment eliminations    
Revenues:    
Total revenues 0  
Operating segments | Oil and natural gas    
Capital Expenditures:    
Capital Expenditure 46,000 13,428,000
Assets By Segment:    
Total assets 7,415,000 18,785,000
Operating segments | Land investment    
Assets By Segment:    
Total assets 980,000 1,608,000
Operating segments | Contract drilling    
Capital Expenditures:    
Capital Expenditure 1,262,000 60,000
Assets By Segment:    
Total assets 3,793,000 1,804,000
Corporate and other    
Capital Expenditures:    
Capital Expenditure 1,000 54,000
Assets By Segment:    
Total assets 1,501,000 2,475,000
Corporate and other | Cash and other    
Assets By Segment:    
Total assets 4,613,000 5,965,000
Corporate and other | Certificates of deposit    
Assets By Segment:    
Total assets 0 741,000
Other operating (loss) profit    
Operating (loss) profit (before general and administrative expenses):    
Total operating profit (loss) 38,000 (141,000)
Gain on sale of assets    
Operating (loss) profit (before general and administrative expenses):    
Total operating profit (loss) $ 0 $ 2,255,000