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Note 7 - Oil and Gas Exploration and Production Industries Disclosures: Present Value of Estimated Future Net Revenue (Tables)
12 Months Ended
Sep. 30, 2013
Tables/Schedules  
Present Value of Estimated Future Net Revenue

 

 

 

At September 30

 

 

 

2013

 

 

2012

 

Estimated future revenue

 

$

521,000

 

 

 

381,000

 

Estimated future expenditures

 

 

(56,000

)

 

 

(46,000

)

Estimated future net revenue

 

 

465,000

 

 

 

335,000

 

10% annual discount of estimated future net revenue

 

 

(203,000

)

 

 

(122,000

)

Present value of estimated future net revenue

 

$

262,000

 

 

 

213,000