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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2016
Sep. 30, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 38,799 $ 5,687
Accounts receivable and accrued revenue receivable 6,065 4,794
Prepaid expenses 1,500 699
Total current assets 46,364 11,180
Available for sale securities, full cost method of accounting: 29,110 56,279
Oil and gas properties    
Evaluated property, net of accumulated depletion of $115,159 and $111,454 and net of accumulated impairment of $128,358 and $113,974, respectively 35,491 54,279
Unevaluated property 200,575 200,575
Total oil and gas properties 236,066 254,854
TOTAL ASSETS 311,540 322,313
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 178,230 130,879
Current portion of convertible notes payable, net of discount of $226,742 and $225,315, respectively 259,677 66,308
Current portion of accrued interest payable 41,335 34,643
Current portion of asset retirement obligation 15,000 15,000
Total current liabilities 494,242 246,830
Convertible notes payable, net of discount of $443,065 and $425,214, respectively 20,223 43,983
Accrued interest payable 19,021 13,004
Asset retirement obligation 5,974 5,855
TOTAL LIABILITIES $ 539,460 $ 309,672
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT)    
Common stock, $0.0010 par value; 480,000,000 shares authorized; 10,022,543 shares and 8,793,418 shares issued and outstanding at March 31, 2016 and September 30, 2015, respectively $ 10,023 $ 8,793
Preferred stock, $0.001 par value; 20,000,000 shares authorized; 1,000,000 shares issued and outstanding at March 31, 2016 and September 30, 2015 1,000 1,000
Additional paid-in capital 4,626,588 4,424,006
Accumulated other comprehensive income (5,890) 21,279
Accumulated deficit (4,859,641) (4,442,437)
Total stockholders' equity (deficit) (227,920) 12,641
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 311,540 $ 322,313