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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income (loss) $ 2,411,879 $ (3,368,316)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Interest expense 31,608
Cancellation of treasury shares 23,810
Depreciation, depletion and amortization 941,294
Impairment of oil and gas properties 861,579
Amortization of debt issuance costs 274,740
Gain on settlement of participation liability (171,772)
Amortization of debt discount 169,145
Loss (gain) on debt extinguishment (2,576,890) 380,539
Asset retirement of obligation accretion 29,088
Accretion of participation liability 63,160
Other equipment write-off 20,819
Change in operating assets and liabilities:    
Accounts receivable 12,500 343,194
Other assets 14,363
Accounts payable 25,605 (112,736)
Accrued liabilities (9,432) 393,357
Other liabilities (8,325) (4,050)
Net cash used in operating activities (89,246) (291,916)
Cash flows from investing activities:    
Capital expenditures on oil and gas properties (1,012,793)
Proceeds from sale of oil and gas properties 5,500,000
Net cash provided by investment activities 4,487,207
Cash flows from financing activities    
Issuance of short term note payable 50,000
Repayment of note payable (5,259,706)
Settlement of participation liability (230,619)
Net cash provided by financing activities 50,000 (5,490,325)
Net change in cash and cash equivalents (39,246) (1,295,034)
Cash and cash equivalents    
Beginning of period 39,251 1,334,285
End of period 5 39,251
Amounts paid during the year for:    
Interest
Income taxes
Supplemental cash flow information Noncash investing and financing activities:    
Issuance of shares for settlement of debt $ 866,323