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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities:    
Net loss $ (5,165,213) $ (572,960)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and depletion expense 58,183 52,834
Compensatory stock options 0 6,957
Loss on embedded derivative 1,349,261 111,156
Loss on change in fair value of derivative 150,348 16,496
Gain on sale of partial interest in Kenya concession (239,515) (4,175,966)
Amortization of convertible debt discount 1,229,381 7,307
Amortization of debt issuance cost 160,518 10,955
Stock issued for services 8,400 20,001
Prepaid expenses and other current assets 150,936 (174,444)
Accounts payable and other accrued Liabilities (150,768) (569,033)
Net cash used in operating activities (2,448,469) (5,266,697)
Cash Flows From Investing Activities:    
Purchase of oil and gas concessions (68,523) (580,569)
Proceeds from sale of partial interest in Kenya concession 239,515 4,731,608
Proceeds from sale of restricted certificate of deposit 0 2,186,182
Purchase of furniture and equipment (2,621) 0
Net cash provided by investing activities 168,371 6,337,221
Cash Flows From Financing Activities:    
Debt origination costs 0 (86,400)
Proceeds from sale of convertible debt - related party 250,000 0
Proceeds from sale of convertible debt 685,637 561,500
Net cash provided by financing activities 935,637 475,100
Net (decrease) increase in cash and cash equivalents (1,344,461) 1,545,624
Cash and cash equivalents, beginning of period 2,182,406 1,184,204
Cash and cash equivalents, end of period 837,945 2,729,828
Non-cash investing and financing activities:    
Unrealized (loss)gain on investment in Exile Resources (285,098) 196,255
Non-cash debt origination costs 0 (16,667)
Discount from derivative 724,860 0
Conversion of note payable to common stock - related party 250,000 0
Conversion of note payable to common stock 1,866,966 0
Derivative liabilities extinguished on conversion - related party 432,646 0
Derivative liabilities extinguished on conversion $ 2,190,172 $ 0