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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, 2015
Tables/Schedules  
Summary of Changes Present Value of Estimated Future Net Revenue

 

Year ended September 30

2015

2014

Present value of estimated future net revenue, beginning of year

 $     256,000

 $     262,000

Sales, net of production costs

                   (40,000)

                   (81,000)

Net change in prices and cost of future production

                  (123,000)

                    31,000

Revisions of quantity estimates

                   (41,000)

                      4,000

Accretion of discount

                    26,000

                    26,000

Change in production rates and other

                    25,000

                    14,000

Present value of estimated future net revenue, end of year

 $     103,000

 $     256,000