XML 73 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
GOING CONCERN
12 Months Ended
Sep. 30, 2016
GOING CONCERN [Abstract]  
GOING CONCERN

NOTE 2: GOING CONCERN

Arkanova is primarily engaged in the acquisition, exploration and development of oil and gas resource properties. Arkanova has incurred losses of $38,419,416 since inception at September 30, 2016. Management plans to raise additional capital through equity and/or debt financings. These factors raise substantial doubt regarding Arkanova’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.