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SEGMENT AND GEOGRAPHIC INFORMATION (Details) - USD ($)
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Revenues:    
Total before interest income $ 12,937,000 $ 13,581,000
Interest income 93,000 46,000
Total revenues 13,030,000 13,627,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 1,203,000 1,607,000
Impairment:    
Impairment of assets 155,000 1,154,000
Operating profit (loss) (before general and administrative expenses):    
Total operating profit (loss) 5,847,000 542,000
Equity in income (loss) of affiliates:    
Equity in income of affiliates 2,276,000 2,624,000
General and administrative expenses (6,976,000) (6,701,000)
Interest expense (6,000) (97,000)
Interest income 93,000 46,000
Earnings (loss) before income taxes 1,234,000 (3,586,000)
Capital Expenditures:    
Capital Expenditure 1,275,000 1,940,000
Assets By Segment:    
Total assets 33,020,000 31,568,000
Land investment    
Equity in income (loss) of affiliates:    
Equity in income of affiliates 2,276,000 2,624,000
Intersegment elimination    
Revenues:    
Total revenues 0 0
Operating Segments | Oil and natural gas    
Revenues:    
Total before interest income 4,383,000 3,177,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 848,000 1,236,000
Impairment:    
Impairment of assets 0 1,154,000
Operating profit (loss) (before general and administrative expenses):    
Total operating profit (loss) 507,000 (2,355,000)
Capital Expenditures:    
Capital Expenditure 1,037,000 1,872,000
Assets By Segment:    
Total assets 5,910,000 6,323,000
Operating Segments | Land investment    
Revenues:    
Total before interest income 4,503,000 2,255,000
Impairment:    
Impairment of assets 155,000 0
Operating profit (loss) (before general and administrative expenses):    
Total operating profit (loss) 4,348,000 2,255,000
Assets By Segment:    
Total assets 3,247,000 4,744,000
Operating Segments | Contract drilling    
Revenues:    
Total before interest income 3,938,000 2,233,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 270,000 251,000
Operating profit (loss) (before general and administrative expenses):    
Total operating profit (loss) 437,000 (116,000)
Capital Expenditures:    
Capital Expenditure 229,000 66,000
Assets By Segment:    
Total assets 1,543,000 1,438,000
Operating Segments | Residential real estate    
Revenues:    
Total before interest income 0 5,700,000
Operating profit (loss) (before general and administrative expenses):    
Total operating profit (loss) 0 190,000
Corporate and Other    
Revenues:    
Total before interest income 113,000 216,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 85,000 120,000
Capital Expenditures:    
Capital Expenditure 9,000 2,000
Assets By Segment:    
Total assets 1,626,000 3,132,000
Corporate and Other | Cash and cash equivalents    
Assets By Segment:    
Total assets 16,281,000 15,550,000
Corporate and Other | Certificates of Deposit [Member]    
Assets By Segment:    
Total assets 4,413,000 0
Corporate and Other | Restricted cash    
Assets By Segment:    
Total assets 0 381,000
Other operating (loss) profit | Corporate and Other    
Operating profit (loss) (before general and administrative expenses):    
Total operating profit (loss) 28,000 96,000
Gain on sale of assets | Corporate and Other    
Operating profit (loss) (before general and administrative expenses):    
Total operating profit (loss) $ 527,000 $ 472,000