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Consolidated Balance Sheet (USD $)
Sep. 30, 2011
Sep. 30, 2010
Cash and cash equivalents $ 2,584,000 $ 3,327,000
Accounts receivable 14,000 12,000
Other (Note 3) 504,000 4,000
Total current assets 3,102,000 3,343,000
Proved oil and gas properties (successful efforts method) (Notes 6 and 7) 350,000 351,000
Other 17,000 17,000
Total property and equipment, at cost 367,000 368,000
Less accumulated depreciation, depletion, and amortization (122,000) (98,000)
Net property and equipment 245,000 270,000
Other assets 4,000 5,000
Total assets 3,351,000 3,618,000
Accounts payable 26,000 23,000
Other accrued expenses 106,000 35,000
Total current liabilities 132,000 58,000
Commitments and Contingencies (Notes 3, 5 and 6)      
Preferred stock, $.01 par value. Authorized 5,000,000 shares, none issued      
Common stock, $.01 par value. Authorized 50,000,000 shares; issued and outstanding, 13,619,606 136,000 136,000
Additional paid-in capital 13,928,000 13,928,000
Accumulated deficit (10,845,000) (10,504,000)
Total stockholders' equity 3,219,000 3,560,000
Total stockholders' equity and liabilities $ 3,351,000 $ 3,618,000