SUPPLEMENTAL OIL AND GAS PRODUCING ACTIVITIES (Tables)

12 Months Ended

Sep. 30, 2016

SUPPLEMENTAL OIL AND GAS INFORMATION [Abstract]

Capitalized Costs Related to Oil and Gas Producing Activities

Capitalized Costs Related to Oil and Gas Producing Activities

		September 30,			September 30,
		2016			2015
Evaluated oil and gas properties	$	20,393,715		$	19,856,659
Less accumulated depletion and impairment		(20,387,721	)		(19,540,800	)
Net capitalized costs for evaluated oil and gas properties	$	5,994		$	315,859

Costs Incurred in Oil and Gas Property Acquisition, Exploration and Development Activities

Costs incurred in Oil and Gas Property Acquisition, Exploration and Development Activities

		September 30,		September 30,
		2016		2015
Evaluated Property Acquisition Costs	$	–	$	–
Evaluated Exploration Costs		537,56		748,837
	$	537,56	$	748,837

Results of Operations from Oil and Gas Producing Activities

Results of Operations from Oil and Gas Producing Activities

		September 30,			September 30,
		2016			2015
Revenue	$	351,312		$	452,686
Production costs		(533,381	)		(482,798	)
Depletion, depreciation and amortization		(604,591	)		(259,358	)
Impairment of oil and gas properties		(242,330	)		(898,861	)
Loss from oil and gas operations	$	(1,028,990	)	$	(1,188,331	)

Proved Oil and Gas Reserve Quantities

Proved Oil and Gas Reserve Quantities

	September 30,		September 30,
	2016		2015
	Oil		Oil
	(Mbbl)		(Mbbl)
Balance beginning of the year	211,097		33,090
Revisions of previous estimates	(199,213	)	186,546
Production	(8,424	)	(8,539	)
Balance end of the year	3,460		211,097

Standardized Measure of Discounted Future Net Cash Flow

Standardized Measure of Discounted Future Net Cash Flow

		September 30,			September 30,
		2016			2015
Future cash inflows	$	109,321		$	8,992,048
Future production and development costs		(103,877	)		(2,776,956	)
Future income tax recovery (expenses)		(1,905	)		(2,175,282	)
Future net cash flows		3,539			4,039,810
10% annual discount for estimated timing of cash flows		358			(1,557,463	)
Standardized measure of discounted future net cash flows	$	3,897		$	2,482,347

Sources of Changes in Discounted Future New Cash Flows

Sources of Changes in Discounted Future Net Cash Flows

		September 30,			September 30,
		2016			2015
Standardized measure of discounted future net cash flows at the beginning of the year	$	2,482,347		$	582,565
Accretion of discount		381,900			89,625
Development costs incurred		537,056			748,837
Changes in estimated development costs		(490,827	)		(712,261	)
Revision of previous quantity estimates		(764,517	)		3,400,316
Net change in prices and production costs		(3,739,681	)		(714,887	)
Net change in income taxes		1,334,550			(1,022,960	)
Sales of oil and gas produced, net of production costs		263,069			111,112
Standardized measure of discounted future net cash flows at the end of the year	$	3,897		$	2,482,347