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Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Sep. 30, 2010
Current Assets    
Cash and cash equivalents $ 1,030,800 $ 103,550
Accounts receivable 211,562 195,751
Prepaid expenses 54,080 86,717
Total Current Assets 1,296,442 386,018
Long Term Investments (Note 6) 266,429 247,473
Oil and gas properties (Note 3) 13,202,852 12,726,396
Property & equipment net of depreciation (Note 5) 461,153 563,860
TOTAL ASSETS 15,226,876 13,923,747
Current Liabilities    
Accounts payable 2,665 42,147
Accounts payable - related parties (Note 7) 182,143 86,774
Deposits on stock subscription (Note 8)   48,555
Total Current Liabilities 184,808 177,476
Asset retirement obligations (Note 9) 424,781 386,934
TOTAL LIABILITIES 609,589 564,410
SHAREHOLDERS' EQUITY    
Common Stock: (Note 10) Authorized: 300,000,000 shares at $0.001 par value Issued and outstanding: 136,739,971 shares (September 30, 2010 - 106,774,258 shares) (Note 10) 136,739 106,773
Additional paid in capital 27,020,674 24,743,763
Deficit accumulated during exploration stage (12,540,126) (11,491,199)
Total Shareholders' Equity 14,617,287 13,359,337
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 15,226,876 $ 13,923,747