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Consolidated Statements of Cash Flows
12 Months Ended 121 Months Ended
Sep. 30, 2013
USD ($)
Sep. 30, 2012
USD ($)
Sep. 30, 2013
USD ($)
Operating Activities      
Net loss $ (2,463,403) $ (1,095,050) $ (16,738,106)
Items not affecting cash:      
Share based compensation 125,099 108,664 1,451,186
Bad debts (261,666) (10,608) 249,966
Depreciation and accretion 112,192 128,526 782,764
Forgiveness of loan payable and accounts payable 234,402    (53,004)
Settlement of lawsuit 12,274    447,823
Commissions withheld from loans proceeds       121,000
(Gain) loss on disposal of assets    64 226
Net changes in non-cash working capital (Note 13) (130,005) 142,474 (377,181)
Net Cash (Used) in Operating Activities (2,371,107) (725,930) (14,115,326)
Investing Activities      
Purchase of property and equipment    (860) (904,469)
Investment in oil and gas properties (2,566,139) (35,731) (11,177,244)
Long term investments (40,371) (17,055) (305,363)
Cash from acquisition of subsidiary       11,141
Return of costs from farmout agreement       961,426
Net Cash (Used) in Investing Activities (2,606,510) (53,645) (11,414,509)
Financing Activities      
Loan payable       275,852
Loan advance - related parties 260,000    (551,746)
Note payable repayment       (111,306)
Debenture repayment       (1,004,890)
Deposit on stock subscription    300,000 300,000
Proceeds from issuance of common stock 25,001,500    46,270,999
Proceeds from debenture net of commissions       879,000
Return of Capital Distribution 12,895,065    
Net Cash Provided by Financing Activities 12,366,435 300,000 33,162,844
Increase (decrease) in cash and cash equivalents 7,388,818 (479,575) 7,633,009
Cash and cash equivalents, beginning of year 244,191 723,766   
Cash and cash equivalents, end of year 7,633,009 244,191 7,633,009
Supplemental Cash Flow Information:      
Cash paid for interest       $ 202,159