XML 37 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Subsequent Events
6 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events

NOTE 11 – SUBSEQUENT EVENTS

 

In April, 2015, the Company participated in the completion of a well in which the Company owns a 10% non-operated working interest targeting the Simpson and Viola formations, Kansas.

 

On April 17, 2015, the Board of Directors of the Company voted to start accruing all salaries and compensation to officers and directors starting May 1, 2015. The Board of Directors also determined that all payments due under the Chisholm Partners II Master Service Agreement would also begin to accrue starting May 1, 2015.