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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Sep. 30, 2011
Current Assets    
Cash and cash equivalents $ 244,191 $ 723,766
Accounts receivable net of allowance of $243,752 (2011 - $350,298) 156,251 34,727
Accounts receivable related party (Note 9) 0 2,522
Prepaid expenses 46,232 48,298
Total Current Assets 446,674 809,313
Long term investments (Note 8) 275,600 247,937
Oil and gas properties (Note 3) 13,190,518 13,140,951
Property and equipment net of depreciation (Note 7) 322,660 425,895
TOTAL ASSETS 14,235,452 14,624,096
Current Liabilities    
Accounts payable 72,697 18,926
Accounts payable related parties (Note 9) 408,277 202,638
Total Current Liabilities 480,974 221,564
Asset retirement obligations (Note 10) 425,700 387,368
TOTAL LIABILITIES 906,674 608,932
SHAREHOLDERS EQUITY    
Common stock: (Note 11) Authorized: 300,000,000 shares at $0.001 par value Issued and outstanding:136,739,971 shares (September 30, 2011 136,739,971 shares(Note 11) 136,739 136,739
Additional paid in capital 27,166,742 27,058,078
Deposits on stock subscription (Note 11) 300,000 0
Deficit accumulated during exploration stage (14,274,703) (13,179,653)
Total Shareholders Equity 13,328,778 14,015,164
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY $ 14,235,452 $ 14,624,096