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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Revenues    
Oil and gas sales $ 1,676,213
Costs and expenses    
Lease operating expense 544,045
Production taxes 77,253
Depreciation, depletion and amortization 984,200
Impairment of oil and gas properties 861,579
Asset retirement obligation accretion 29,088
General and administrative 109,953 904,414
Total costs and expenses 109,953 3,400,579
Loss from operations (109,953) (1,724,348)
Other income and (expense):    
Other income (23,810) 2,645
Interest income 233
Gain on settlement of participation liability 171,772
Interest expense (31,608) (1,458,898)
Other equipment write-off 20,819
Gain (loss) on debt extinguishment 2,576,890 (380,539)
Total other income (expense) 2,521,472 (1,643,968)
Net income (loss) before income taxes 2,411,879 (3,368,316)
Provision for income taxes
Net Income (Loss) $ 2,411,879 $ (3,368,316)
Income (Loss) per share:    
Basic $ 2.90 $ 26.92
Diluted $ 2.65 $ 26.92
Weighted average number of shares outstanding (1) [1] 831,241 125,130
[1] (1) Reflects the amounts after a 100 for 1 to 1 reverse split of the Company's common stock that was effective on August 19, 2014, including retroactive adjustment of common share amounts See Note 6.