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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Revenues    
Oil and gas sales $ 100,220 $ 665,623
Royalty income 15,813 23,204
Total revenues 116,033 688,827
Operating expenses    
Lease operating expense 196,428 879,471
General and administrative 2,718,975 3,536,118
Depletion and depreciation 82,215 154,834
Accretion on asset retirement obligations 36,792 31,976
Loss on settlement of asset retirement obligations 66,067
Loss on settlement of lease liability 38,825
Write-off of property and equipment 62,046
Total operating expenses (3,135,281) (4,668,466)
Loss from operations (3,019,248) (3,979,639)
Other income (expense)    
Interest income 108
Other income 8,000 24,000
Foreign exchange gain (loss) 133 (3,671)
Change in fair value of warrant liability 22,570
Gain on settlement of warrant liability 930
Interest and debt expense (483,110) (4,259)
Loss on debt extinguishment (495,051)
Total other income (expense) (970,028) 39,678
Net loss and comprehensive loss (3,989,276) (3,939,961)
Deemed dividend arising from warrant modification (543,234)
Net loss attributable to common stockholders $ (3,989,276) $ (4,483,195)
Basic loss and comprehensive loss per common share $ (7.23) $ (8.81)
Diluted loss and comprehensive loss per common share $ (7.23) $ (8.81)
Weighted average number of common shares outstanding - Basic [1] 551,503 508,813
Weighted average number of common shares outstanding - Diluted [1] 551,503 508,813
[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.