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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 109 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Operating Activities      
Net loss $ (1,095,050) $ (1,688,454) $ (14,274,703)
Items not affecting cash:      
Share based compensation 108,664 294,281 1,326,087
Bad debts (10,608) 170,044 511,632
Depreciation and accretion 128,526 162,140 670,572
Forgiveness of loan payable 0 0 (287,406)
Settlement of lawsuit 0 0 435,549
Commissions withheld from loans proceeds 0 0 121,000
(Gain) loss on disposal of assets 64 (348) 226
Net changes in non-cash working capital (Note 13) 142,474 119,520 (247,176)
Net Cash (Used) in Operating Activities (725,930) (942,817) (11,744,219)
Investing Activities      
Purchase of property and equipment (860) (3,254) (904,469)
Investment in oil and gas properties (35,731) (434,694) (8,611,105)
Long term investments (17,055) (464) (264,992)
Cash from acquisition of subsidiary 0 0 11,141
Return of costs from farmout agreement 0 0 961,426
Net Cash (Used) in Investing Activities (53,645) (438,412) (8,807,999)
Financing Activities      
Loan payable 0 0 275,852
Loan advance - related parties 0 0 (811,746)
Note payable repayment 0 0 (111,306)
Debenture repayment 0 0 (1,004,890)
Deposit on stock subscription 300,000 (48,555) 300,000
Proceeds from issuance of common stock 0 2,050,000 21,269,499
Proceeds from debenture net of commissions 0 0 879,000
Net Cash Provided by Financing Activities 300,000 2,001,445 20,796,409
Increase (decrease) in cash and cash equivalents (479,575) 620,216 244,191
Cash and cash equivalents, beginning of year 723,766 103,550 0
Cash and cash equivalents, end of year 244,191 723,766 244,191
Supplemental Cash Flow Information:      
Cash paid for interest $ 0 $ 0 $ 202,159