ASSET RETIREMENT OBLIGATION

12 Months Ended

Sep. 30, 2016

ASSET RETIREMENT OBLIGATION [Abstract]

ASSET RETIREMENT OBLIGATION

NOTE 14: ASSET RETIREMENT OBLIGATIONS

Changes in Arkanova’s asset retirement obligations were as follows:

		Year		Year
		Ended		Ended
		September 30,		September 30,
		2016		2015
Asset retirement obligations, beginning of period	$	163,648	$	149,124
Accretion expense		15,984		14,524
Revisions due to change in reserve estimate		344,759		–
Asset retirement obligations, end of period	$	524,391	$	163,648