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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, 2017
Tables/Schedules  
Summary of Changes Present Value of Estimated Future Net Revenue

 

Year ended September 30

2017

2016

Present value of estimated future net revenue, beginning of year

 $       49,000

 $   103,000

Sales, net of production costs

       (56,000)

    (28,000)

Net change in prices and cost of future production

        35,000

    (45,000)

Revisions of quantity estimates

        24,000

     (5,000)

Accretion of discount

          5,000

      10,000

Change in production rates and other

       14,000

      14,000

Present value of estimated future net revenue, end of year

 $       71,000

 $    49,000