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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, 2018
Tables/Schedules  
Present Value of Estimated Future Net Revenue

 

 

At September 30

 

2018

2017

Estimated future revenue

 $          225,000

 $       130,000

Estimated future expenditures

             26,000

         (15,000)

Estimated future net revenue

           199,000

         115,000

10% annual discount of estimated future net revenue

           (79,000)

         (44,000)

Present value of estimated future net revenue

 $          120,000

 $        71,000