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Condensed Interim Consolidated Statements of Operations and Comprehensive Loss
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Sep. 30, 2023
USD ($)
$ / shares
shares
Sep. 30, 2022
USD ($)
$ / shares
shares
Sep. 30, 2022
CAD ($)
shares
Revenues              
Oil and gas sales $ 156,716 $ 75,466 $ 541,459 $ 665,623 $ 815,391  
Royalty income 2,671 303 11,190 18,140 23,204 63,068  
Total revenues 2,671 157,019 86,656 559,599 688,827 878,459  
Operating expenses              
Lease operating expense 10,421 235,511 165,305 762,668 879,471 829,194  
General and administrative 629,836 788,659 1,674,738 3,014,307 3,536,118 2,796,395  
Depletion and depreciation 14,875 37,286 54,829 120,459 154,834 105,503  
Accretion on asset retirement obligations 9,198 7,994 27,594 23,982 31,976 55,030  
Loss on settlement of asset retirement obligations         66,067  
Total operating expenses (664,330) (1,069,450) (1,922,466) (3,921,416) (4,668,466) (3,786,122)  
Loss from operations (661,659) (912,431) (1,835,810) (3,361,817) (3,979,639) (2,907,663)  
Other income (expense)              
Interest income 108 108 108 5,895  
Other income 6,000 8,000 18,000 24,000 24,000  
Foreign exchange gain (loss) 5,146 (3,310) 5,087 (7,690) (3,671) 7,429  
Interest and debt expense (97,191) (1,026) (98,217) (2,208)      
Loss on debt extinguishment (495,051) (495,051)      
Forgiveness of loan payable         7,800 $ 10,000
Finance expense         (4,259) (30,586)  
Change in fair value of warrant liability 136 22,570 22,570 178,509  
Gain on settlement of warrant liability 930 930 930  
Total other income (expense) (587,096) 2,838 (580,181) 31,710 39,678 193,047  
Net loss and comprehensive loss (1,248,755) (909,593) (2,415,991) (3,330,107) (3,939,961) (2,714,616)  
Deemed dividend arising from warrant modification (543,234) (543,234) (543,234)  
Net loss attributable to common stockholders $ (1,248,755) $ (1,452,827) $ (2,415,991) $ (3,873,341) $ (4,483,195) $ (2,714,616)  
Basic loss per common share | $ / shares $ (2.26) $ (2.96) $ (4.38) $ (7.97) $ (8.81) $ (7.04)  
Diluted loss per common share | $ / shares $ (2.26) $ (2.96) $ (4.38) $ (7.97) $ (8.81) $ (7.04)  
Weighted average number of common shares outstanding - Basic | shares 551,503 [1] 491,036 [1] 551,503 [1] 485,779 [1] 508,813 [2] 385,756 [2] 385,756 [2]
Weighted average number of common shares outstanding - Diluted | shares 551,503 [1] 491,036 [1] 551,503 [1] 485,779 [1] 508,813 [2] 385,756 [2] 385,756 [2]
[1] The number of shares has been restated to reflect the 4:1 reverse stock split effective on October 23, 2023 (Note 1). All historical share and per share amounts reflected in this report have been adjusted to reflect the reverse stock split (Note 1).
[2] The number of shares has been restated to reflect the 60:1 reverse stock split effective on November 2, 2022 and the 4:1 reverse stock split effective on October 23, 2023 (Note 1). All historical share and per share amounts reflected in this report have been adjusted to reflect the reverse stock splits.