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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, 2016
Tables/Schedules  
Summary of Changes Present Value of Estimated Future Net Revenue

 

Year ended September 30

2016

2015

Present value of estimated future net revenue,

beginning of year

 $            103,000

 $           256,000

Sales, net of production costs

                   (28,000)

                   (40,000)

Net change in prices and cost of future

production

                   (45,000)

                  (123,000)

Revisions of quantity estimates

                     (5,000)

                   (41,000)

Accretion of discount

                    10,000

                    26,000

Other

                    14,000

                    25,000

Present value of estimated future net revenue, end of year

 $             49,000

 $           103,000