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OIL AND NATURAL GAS PROPERTIES AND ASSET RETIREMENT OBLIGATION (Tables)
 9 Months Ended
Jun. 30, 2018
Oil and Natural Gas Properties [Abstract]  
Schedule of change in asset retirement obligation
The following is a reconciliation of the asset retirement obligation:
 
 
 
Nine months
 
 
 
ended
 
 
 
June 30, 2018
Asset retirement obligation as of beginning of period
 
 
$
6,863,000

Obligation incurred on new well drilled
 
 
9,000

Liabilities associated with properties sold
 
 
(1,752,000
)
Revision of estimated obligation
 
 
(323,000
)
Accretion expense
 
 
211,000

Payments
 
 
(589,000
)
Foreign currency translation adjustment
 
 
(200,000
)
Asset retirement obligation as of end of period
 
 
4,219,000

Less current portion
 
 
(410,000
)
Asset retirement obligation, long-term
 
 
$
3,809,000