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

 

 

 

Year ended September 30

 

 

 

2013

 

 

2012

 

Present value of estimated future net revenue, beginning of year

 

$

213,000

 

 

 

402,000

 

Sales, net of production costs

 

 

(82,000

)

 

 

(86,000

)

Net change in prices and cost of future production

 

 

(9,000

)

 

 

57,000

 

Revisions of quantity estimates

 

 

138,000

 

 

 

(234,000

)

Accretion of discount

 

 

21,000

 

 

 

40,000

 

Change in production rates and other

 

 

(19,000

)

 

 

34,000

 

Present value of estimated future net revenue, end of year

 

$

262,000

 

 

 

213,000