CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2012	Sep. 30, 2011
ASSETS
Cash	$ 30,847	$ 52,912
Trade accounts receivable	73,625	78,855
Other current assets	9,140	10,162
TOTAL CURRENT ASSETS	113,612	141,929
Unproved oil and gas properties, net of accumulated amortization of 1,635,238 and 1,443,629, respectively	3,732.224	3,922,673
Proved and developed oil, net of accumulated DD&A of 995,025 and 748,836 respectively	711,976	958,165
Computers, office equipment, furniture and leasehold improvements, net of depreciation of 40,012 and 36,659 respectively	4,899	8,252
NET PROPETY AND EQUIPMENT	4,449,099	4,889,090
OTHER ASSETS	101,597	101,500
TOTAL ASSETS	4,664,308	5,132,519
Accounts payable	577,302	489,043
Due to royalty and working interest holders	343,455	181,367
Other payables, interest and taxes accrued	161,531	132,058
Conversion option derivative	305,782	286,498
Warrant derivative	136,611	299,947
Convertible debentures, net of discount	1,164,000	962,375
TOTAL CURRENT LIABILITIES	2,688,681	2,351,288
Asset retirement obligations	183,202	170,421
TOTAL LONG-TERM LIABILITIES	183,202	170,421
TOTAL LIABILITIES	2,871,883	2,521,709
Common stock, 0.001 par value; 200,000,000 shares authorized, 60,251,886 and 58,236,245 shares issued and outstanding respectively	$ 60,252	$ 58,236
Additional paid-in capital	21,115,488	20,967,464
Accumulated deficit	(19,383,315)	(18,414,890)
TOTAL STOCKHOLDERS' EQUITY	1,792,425	2,610,810
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 4,664,308	$ 5,132,519