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Note 1 - Nature of Operations and Summary of Significant Accounting Policies.: Nature of Operations (Policies)
12 Months Ended
Sep. 30, 2022
Policies  
Nature of Operations

Nature of operations: Altex Industries, Inc., through its wholly-owned subsidiary, jointly referred to as “the Company,” owns non-working interests in productive oil and gas properties located in Utah and Wyoming. The Company’s revenues are generated from interest income from cash deposits and from sales of oil and gas production. The Company’s operations are significantly affected by changes in interest rates and oil and gas prices.