XML 12 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Dec. 31, 2015
Sep. 30, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 5,490 $ 5,687
Accounts receivable and accrued revenue receivable 5,670 4,794
Prepaid expenses 699 699
Total current assets 11,859 11,180
Available for sale securities 54,339 56,279
Oil and gas properties, full cost method of accounting:    
Evaluated property, net of accumulated depletion of $114,668 and $111,454 and net of accumulated impairment of $128,358 and $113,974, respectively 36,481 54,279
Unevaluated property 200,575 200,575
Total oil and gas properties 237,056 254,854
TOTAL ASSETS 303,254 322,313
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 155,120 130,879
Current portion of convertible notes payable, net of discount of $258,831 and $225,315, respectively 138,398 66,308
Current portion of accrued interest payable 35,019 34,643
Current portion of asset retirement obligation 15,000 15,000
Total current liabilities 343,537 246,830
Convertible notes payable, net of discount of $425,737 and $425,214, respectively 14,880 43,983
Accrued interest payable 12,968 13,004
Asset retirement obligation 5,996 5,855
TOTAL LIABILITIES 377,381 309,672
STOCKHOLDERS' EQUITY (DEFICIT)    
Common stock, $0.001 par value; 480,000,000 shares authorized; 9,738,543 shares and 8,793,418 shares issued and outstanding at December 31, 2015 and September 30, 2015, respectively 9,739 8,793
Preferred stock, $0.001 par value; 20,000,000 shares authorized; 1,000,000 shares issued and outstanding at December 31, 2015 and September 30, 2015 1,000 1,000
Additional paid-in capital 4,545,759 4,424,006
Accumulated other comprehensive income 19,339 21,279
Accumulated deficit (4,649,964) (4,442,437)
Total stockholders' equity (deficit) (74,127) 12,641
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 303,254 $ 322,313