OTHER RECEIVABLES - RELATED PARTIES

12 Months Ended

Sep. 30, 2016

OTHER RECEIVABLES - RELATED PARTIES [Abstract]

OTHER RECEIVABLES - RELATED PARTIES

NOTE 5: OTHER RECEIVABLES – RELATED PARTIES

At September 30, 2016, the Company has $nil (2015 - $433,459) of other receivables due from related parties. This balance consists of the following items:

		2016		2015
Aton receivable	$	–	$	96,324
Knightwall receivable		–		337,135
	$	–	$	433,459

Other receivables from related parties consist of the Company’s working interest partners, Aton Select Funds Limited (“Aton”) and Knightwall Invest, Inc.’s (“Knightwall”) portion of oil and gas income less their portion of expenses. During the year ended September 30, 2016, the Company recognized an impairment of $901,192 as there was uncertainty with regards to the collection of the receivables.