PROPERTY AND EQUIPMENT

3 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	December 31, 2024			September 30, 2024
Oil and natural gas properties, at cost	$	10,846,097		$	10,600,489
Less: accumulated depletion		(384,829	)		(330,036	)
Oil and natural gas properties, net		10,461,268			10,270,453
Other property and equipment, at cost		18,505			18,505
Less: accumulated depreciation		(8,636	)		(7,710	)
Other property and equipment, net		9,869			10,795
Property and equipment, net	$	10,471,137		$	10,281,248

Depletion and depreciation expense was $55,719 and $21,978 for the three-month periods ended December 31, 2024 and 2023, respectively.