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

12 Months Ended

Sep. 30, 2022

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)
	Canada	United States	Total
Proved reserves:
Balance at September 30, 2020	535,000	—	535,000
Revisions of previous estimates	291,000	—	291,000

Acquisitions of reserves	80,000	—	80,000
Less sales of reserves	(97,000)	—	(97,000)
Less production	(169,000)	—	(169,000)
Balance at September 30, 2021	640,000	—	640,000
Revisions of previous estimates	154,000	—	154,000
Extensions, discoveries and other additions	285,000	132,000	417,000
Acquisitions of reserves	99,000	—	99,000

Less production	(188,000)	(42,000)	(230,000)
Proved Reserves, September 30, 2022	990,000	90,000	1,080,000
Proved Developed Reserves, September 30, 2022	956,000	90,000	1,046,000
Proved Undeveloped Reserves, September 30, 2022	34,000	—	34,000


	Natural Gas (Mcf)
	Canada	United States	Total
Proved reserves:
Balance at September 30, 2020	2,310,000	—	2,310,000
Revisions of previous estimates	1,345,000	—	1,345,000

Acquisitions of reserves	289,000	—	289,000
Less sales of reserves	(341,000)	—	(341,000)
Less production	(690,000)	—	(690,000)
Balance at September 30, 2021	2,913,000	—	2,913,000
Revisions of previous estimates	968,000	—	968,000
Extensions, discoveries and other additions	1,200,000	658,000	1,858,000
Acquisitions of reserves	223,000	—	223,000
Less sales of reserves	(13,000)	—	(13,000)
Less production	(772,000)	(192,000)	(964,000)
Proved Reserves, September 30, 2022	4,519,000	466,000	4,985,000
Proved Developed Reserves, September 30, 2022	4,391,000	466,000	4,857,000
Proved Undeveloped Reserves, September 30, 2022	128,000	—	128,000


	Total Equivalent Reserves (Boe)
	Canada	United States	Total
Proved reserves:
Balance at September 30, 2020	933,000	—	933,000
Revisions of previous estimates	523,000	—	523,000

Acquisitions of reserves	130,000	—	130,000
Less sales of reserves	(156,000)	—	(156,000)
Less production	(288,000)	—	(288,000)
Balance at September 30, 2021	1,142,000	—	1,142,000
Revisions of previous estimates	321,000	—	321,000
Extensions, discoveries and other additions	492,000	245,000	737,000
Acquisitions of reserves	137,000	—	137,000
Less sales of reserves	(2,000)	—	(2,000)
Less production	(321,000)	(75,000)	(396,000)
Proved Reserves, September 30, 2022	1,769,000	170,000	1,939,000
Proved Developed Reserves, September 30, 2022	1,713,000	170,000	1,883,000
Proved Undeveloped Reserves, September 30, 2022	56,000	—	56,000

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

All capitalized costs relating to oil and natural gas producing activities in Canada and the U.S. are summarized as follows:


	September 30, 2022
	Canada		United States		Total
Proved properties	$	66,825,000	$	1,058,000	$	67,883,000
Unproved properties	—		—		—
Total capitalized costs	66,825,000		1,058,000		67,883,000
Accumulated depletion, depreciation, and impairment	54,248,000		403,000		54,651,000
Net capitalized costs	$	12,577,000	$	655,000	$	13,232,000


	September 30, 2021
	Canada		United States		Total
Proved properties	$	58,273,000	$	217,000	$	58,490,000
Unproved properties	—		962,000		962,000
Total capitalized costs	58,273,000		1,179,000		59,452,000
Accumulated depletion, depreciation, and impairment	56,053,000		14,000		56,067,000
Net capitalized costs	$	2,220,000	$	1,165,000	$	3,385,000

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


	Year ended September 30, 2022
	Canada		United States		Total
Acquisition of properties:
Proved	$	3,247,000	$	—	$	3,247,000
Unproved	—		—		—
Exploration costs	55,000		—		55,000
Development costs	10,574,000		(121,000)		10,453,000
Total	$	13,876,000	$	(121,000)	$	13,755,000


	September 30, 2021
	Canada		United States		Total
Acquisition of properties:
Proved	$	1,032,000	$	70,000	$	1,102,000
Unproved	—		—		—
Exploration costs	255,000		—		255,000
Development costs	563,000		1,108,000		1,671,000
Total	$	1,850,000	$	1,178,000	$	3,028,000

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


	Year ended September 30, 2022
	Canada		United States		Total
Net revenues	$	19,085,000	$	3,496,000	$	22,581,000
Production costs	(8,999,000)		(440,000)		(9,439,000)
Depletion	(2,217,000)		(389,000)		(2,606,000)

Pre-tax results of operations (1)	7,869,000		2,667,000		10,536,000
Estimated income tax expense (2)	—		107,000		107,000
Results of operations (1)	$	7,869,000	$	2,560,000	$	10,429,000


	Year ended September 30, 2021
	Canada		United States		Total
Net revenues	$	10,136,000	$	118,000	$	10,254,000
Production costs	(6,532,000)		(24,000)		(6,556,000)
Depletion	(631,000)		(14,000)		(645,000)
Reduction of carrying value of oil and natural gas properties	(630,000)		—		(630,000)
Pre-tax results of operations (1)	2,343,000		80,000		2,423,000
Estimated income tax expense (2)	—		—		—
Results of operations (1)	$	2,343,000	$	80,000	$	2,423,000

_________________

(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 includes changes to the deferred income tax valuation allowance necessary for the portion of Canadian and U.S. federal tax law deferred tax assets that may not be realizable.

Schedule of standardized measure of discounted future net cash flows


	Year ended September 30, 2022
	Canada		United States		Total
Future cash inflows	$	93,658,000	$	6,676,000	$	100,334,000
Future production costs	(44,523,000)		(832,000)		(45,355,000)
Future development costs	(274,000)		—		(274,000)
Future income tax expenses	(6,908,000)		(233,000)		(7,141,000)
Future net cash flows excluding abandonment, decommissioning and reclamation	41,953,000		5,611,000		47,564,000
Future abandonment, decommissioning and reclamation	(16,719,000)		(11,000)		(16,730,000)
Future net cash flows	25,234,000		5,600,000		30,834,000
10% annual discount for timing of cash flows	(1,144,000)		(1,812,000)		(2,956,000)
Standardized measure of discounted future net cash flows	$	24,090,000	$	3,788,000	$	27,878,000


	Year ended September 30, 2021
	Canada		United States		Total
Future cash inflows	$	36,130,000	$	—	$	36,130,000
Future production costs	(25,323,000)		—		(25,323,000)
Future development costs	(240,000)		—		(240,000)
Future income tax expenses	(995,000)		—		(995,000)
Future net cash flows excluding abandonment, decommissioning and reclamation	9,572,000		—		9,572,000
Future abandonment, decommissioning and reclamation	(14,525,000)		—		(14,525,000)
Future net cash flows	(4,953,000)		—		(4,953,000)
10% annual discount for timing of cash flows	7,598,000		—		7,598,000
Standardized measure of discounted future net cash flows	$	2,645,000	$	—	$	2,645,000

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


	Year ended September 30,
	2022		2021
Beginning of year	$	2,645,000	$	(1,685,000)
Sales of oil and natural gas produced, net of production costs	(13,142,000)		(3,604,000)
Net changes in prices and production costs, net of royalties and wellhead taxes	27,828,000		5,702,000
Extensions and discoveries	8,889,000		—
Net change due to purchases and sales of minerals in place	2,451,000		(882,000)


Revisions of previous quantity estimates	4,270,000		4,217,000
Net change in income taxes	(4,774,000)		(845,000)
Accretion of discount	(1,566,000)		(176,000)
Other - changes in the timing of future production and other	801,000		(55,000)
Other - net change in Canadian dollar translation rate	476,000		(27,000)
Net change	25,233,000		4,330,000
End of year	$	27,878,000	$	2,645,000

- Definition

Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period.

+ References + Details

- Definition

Tabular disclosure of the future net cash flows relating to proved oil and gas reserves and oil and gas subject to purchase under long-term agreements in which the enterprise participates in the operation of the properties on which the oil and gas is located or otherwise serves as the producer. This information is presented in aggregate and for each geographic area for which reserve quantities are disclosed.

+ References + Details