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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 97 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Operating Activities      
Net loss $ (1,688,454) $ (1,331,552) $ (13,179,653)
Items not affecting cash:      
Share based compensation 294,281   1,217,423
Bad debts 170,044 182,111 522,240
Depreciation and accretion 162,140 217,605 542,046
Forgiveness of loan payable     (287,406)
Settlement of lawsuit     435,549
Commissions withheld from loans proceeds     121,000
Gain/Loss on disposal of assets (348)   162
Net changes in non-cash working capital (Note 14) 119,520 716,484 (389,650)
Net Cash Provided by (Used in) Operating Activities, Total (942,817) (215,352) (11,018,289)
Investing Activities      
Purchase of property and equipment (3,254) (6,362) (903,609)
Investment in oil and gas properties (434,694) (498,689) (8,575,375)
Long term investments (464) (170,437) (247,937)
Cash from acquisition of subsidiary     11,141
Return of costs from farmout agreement     961,426
Net Cash Provided by (Used in) Investing Activities, Total (438,412) (675,488) (8,754,354)
Financing Activities      
Loan payable     275,852
Loan advance - related parties     (811,746)
Note payable repayment     (111,306)
Debenture repayment     (1,004,890)
Deposit on stock subscription (48,555) 48,555  
Proceeds from issuance of common stock 2,050,000   21,269,499
Proceeds from debenture net of commissions     879,000
Net Cash Provided by (Used in) Financing Activities, Total 2,001,445 48,555 20,496,409
Increase (decrease) in cash and cash equivalents 620,216 (842,285) 723,766
Cash and cash equivalents, beginning of year 103,550 945,835  
Cash and cash equivalents, end of year 723,766 103,550 723,766
Supplemental Cash Flow Information:      
Cash paid for interest