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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Sep. 30, 2012
ASSETS    
Cash and cash equivalents $ 142,077 $ 74,496
Trade accounts receivable 56,634 132,454
Other current assets 11,236 10,189
TOTAL CURRENT ASSETS 209,947 217,139
Unproved properties, net 327,685 380,371
Proved properties, net 452,017 509,705
Computers, office equipment, furniture and leasehold improvements, net 2,663 3,781
NET PROPERTY AND EQUIPMENT 782,365 893,857
OTHER LONG-TERM ASSETS 101,642 101,621
TOTAL ASSETS 1,093,954 1,212,617
Accounts payable 527,424 587,228
Due to royalty and working interest holders 440,768 437,202
Other payables, interest and taxes accrued 220,691 232,917
Conversion option derivative 65,182 109,414
Warrant derivative 37,129 58,257
Convertible debentures 1,164,000 1,164,000
TOTAL CURRENT LIABILITIES 2,455,194 2,589,018
Asset retirement obligation 192,149 187,463
TOTAL LONG-TERM LIABILITIES 192,149 187,463
TOTAL LIABILITIES 2,647,343 2,776,481
Common stock, $0.001 par value; 200,000,000 shares authorized, 60,759,178 and 60,759,178 shares issued and outstanding respectively $ 60,759 $ 60,759
Additional paid-in capital 21,141,565 21,138,419
Accumulated deficit (22,755,713) (22,763,042)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (1,553,389) (1,563,864)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 1,093,954 $ 1,212,617