XML 11 R4.htm IDEA: XBRL DOCUMENT v3.5.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]        
OIL AND GAS SALES, net $ 5,901 $ 3,236 $ 14,355 $ 22,397
OPERATING EXPENSES        
Lease operating expense 4,292 5,347 7,719 11,073
Depletion, depreciation and amortization 491 4,932 3,705 11,718
Accretion expense $ 477 $ 428 856 860
Impairment of oil and gas properties 14,384  
General and administrative expenses $ 97,037 $ 142,396 215,628 246,822
Total operating expenses 102,297 153,103 242,292 270,473
LOSS FROM OPERATIONS (96,396) (149,867) (227,937) (248,076)
OTHER INCOME (EXPENSE)        
Interest expense (113,281) (154,411) (189,267) (281,844)
NET LOSS $ (209,677) $ (304,278) $ (417,204) $ (529,920)
NET LOSS PER COMMON SHARE - Basic and diluted (in dollars per share) $ (0.02) $ (0.98) $ (0.04) $ (1.83)
COMMON SHARES OUTSTANDING - Basic and diluted (in shares) 9,918,675 309,724 9,534,076 289,591