XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
STATEMENTS OF OPERATIONS [Abstract]        
OIL AND GAS SALES, net $ 21,859 $ 13,750 $ 54,069 $ 37,707
OPERATING EXPENSE        
Lease operating expense 7,507 321 11,324 633
Depletion, depreciation and amortization 7,730 2,202 30,630 7,206
Accretion expense 178 13 526 17
Impairment of oil and gas properties 10,000    35,000  
General and administrative expense 111,245 146,508 276,313 224,289
LOSS FROM OPERATIONS (114,801) (135,294) (299,724) (194,438)
OTHER INCOME (EXPENSE)        
Interest expense (66,761) (100,599) (262,359) (137,462)
NET LOSS $ (181,562) $ (235,893) $ (562,083) $ (331,900)
NET LOSS PER COMMON SHARE - basic and fully diluted $ (0.01) $ (0.03) $ (0.04) $ (0.05)
COMMON SHARES OUTSTANDING basic and fully diluted 13,769,286 7,350,797 12,744,225 6,581,719