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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (6,631,403) $ (1,980,593)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and depletion expense 77,038 68,284
Day 1 Loss on embedded derivative 1,024,292 392,220
Loss/(Gain) on change in fair value of derivatives 105,951 (136,811)
Loss on debt penalties 34,467 0
Compensatory stock options 0 6,957
Gain on sale of partial interest in Kenya concession (239,515) (2,724,793)
Amortization of convertible debt discount 2,023,979 49,373
Amortization of debt issuance cost 247,669 41,216
Stock issued for services 8,400 20,001
Realized loss on investment in common stock 2,573 0
Changes in operating assets and liabilities:    
Prepaid expenses and other 211,719 (139,366)
Accounts payable and other accrued liabilities 741,515 (2,229,309)
Net cash used by operating activities (2,393,315) (6,632,821)
Cash Flows From Investing Activities    
Purchase of oil and gas concessions (9,779) (294,506)
Proceeds from sale of partial interest in Kenya concession 239,515 4,731,608
Proceeds from sale of certificates of deposit 0 2,186,182
Purchase of furniture and equipment (4,114) (72,193)
Net cash provided by investing activities 225,622 6,551,091
Cash flows from financing activities:    
Debt origination fees (69,200) (232,050)
Payment on convertible debt principle (46,200) 0
Proceeds from convertible debt, related party 250,000 0
Proceeds from convertible debt, net of expense 608,000 1,311,982
Net cash provided by financing activities 742,600 1,079,932
Net (decrease) increase in cash and cash equivalents (1,425,093) 998,202
Cash and cash equivalents at beginning of period 2,182,406 1,184,204
Cash and cash equivalents at end of period 757,313 2,182,406
Supplemental disclosure of cash flow information:    
Interest paid 0 0
Income taxes paid 0 0
Non-cash investing and financing activities:    
Unrealized (loss) gain in Investment Oando Energy Resources (457,130) 107,877
Accounting for tainted warrants 0 13,701
Non-cash debt origination costs 0 668,946
Discount from derivative 1,480,777 0
Conversion of note payable to common stock - related party 250,000 0
Conversion of note payable to common stock 1,728,370 0
Derivative liabilities extinguished on conversion - related party 432,646 0
Derivative liabilities extinguished on conversion $ 2,474,418 $ 0