INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2012

Income Taxes Paid, Net [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The components of the net deferred tax asset, the statutory tax rate, the effective rate and the elected amount of the valuation allowance are as follows:

	Year Ended September 30, 2012			Year Ended September 30, 2011
Statutory and effective tax rate
Domestic
Statutory U.S. federal rate		35.00	%		35.00	%
Foreign		25.375	%		26.50	%

	Year Ended September 30, 2012			Year Ended September 30, 2011
Income taxes recovered at the statutory and effective tax rate
Domestic
Statutory U.S. federal rate	$	81,533		$	149,187
Foreign		218,758			292,549
Timing differences:
Non-deductible expenses		(93,161	)		(120,107	)
Other deductible charges		2,086			2,188
Benefit of tax losses not recognized in the year		(209,216	)		(323,817	)
Income tax recovery (expense) recognized in the year	$	–		$	–

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The approximate tax effects of each type of temporary difference that gives rise to deferred tax assets are as follows:

	Year Ended September 30, 2012			Year Ended September 30, 2011
Deferred income tax assets (liabilities)
Net operating loss carry-forwards	$	4,215,830		$	4,180,662
Oil and gas properties		107,344			108,009
Equipment		165,917			144,603
Valuation allowance		(4,489,091	)		(4,433,274	)
Net deferred income tax assets	$	–		$	–