Supplementary Information On Oil and Gas Reserves (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2014

Oil and Gas Properties [Abstract]

Summary of estimated oil and gas reserve quantities of proved developed and proved undeveloped reserves

Oil

Natural Gas

Total

Gross (1) (Mbbl)

Net (2)  Mbbl)

Gross (Mmcf)

Net (Mmcf)

BOE (MBOE)

Proved developed and undeveloped reserves:

as of September 30, 2013

–

–

–

–

–

Revisions of previous estimates

572

530

–

–

572

Improved recovery

–

–

–

–

–

Purchases of minerals in place

–

–

–

–

–

Extensions and discoveries

–

–

–

–

–

Production

(1

)

(1

)

–

–

(1

)

Sales of minerals in place

–

–

–

–

–

as of September 30, 2014

571

530

–

–

571

Proved developed reserves:

as of September 30, 2013

–

–

–

–

–

as of September 30, 2014

571

530

–

–

571

⁽¹⁾Gross Reserves – are defined as the Company’s working interest reserves (operating or non-operating) before deduction of royalties.

⁽²⁾Net Reserves – are defined as the Company’s working interest reserves (operating or non-operating) after deduction of royalties.

Summary of oil and gas reserves

RESERVES

Light and Medium Oil

Heavy Oil

Oil

Natural Gas

Natural Gas Liquids

Reserves Category

Gross (Mbbl)

Net (Mbbl)

Gross (Mbbl)

Net (Mbbl)

Gross (1) (Mbbl)

Net (2) (Mbbl)

Gross (Mmcf)

Net (Mmcf)

Gross (Mbbl)

Net (Mbbl)

Proved

–

–

–

–

–

–

–

–

–

–

Developed Producing

–

–

–

–

281

260

–

–

–

–

Developed Non-producing

–

–

–

–

–

–

–

–

–

–

Undeveloped

–

–

–

–

290

269

–

–

–

–

Total Proved

–

–

–

–

571

529

–

–

–

–

⁽¹⁾ Gross Reserves – are defined as the Company’s working interest reserves (operating or non-operating) before deduction of royalties.

⁽²⁾ Net Reserves – are defined as the Company’s working interest reserves (operating or non-operating) after deduction of royalties.

Summary of standardized measure of discounted future net cash flows related to proved oil and gas reserve quantities

	Year Ended			Year Ended
In Thousands	September 30, 2014(1)			September 30, 2013(1)
Future cash inflows	$	31,062		$	–
Future Royalties		(2,456	)		–
Future Operating costs		(13,040	)		–
Future Development Costs		(8,586	)		–
Future Abandonment Costs		(161	)		–
Future income tax expenses		–			–
Future net cash flows	$	6,819		$	–
10% annual discount for estimated timing of cash flows		(4,919	)		–
Standardize measure of discounted future net cash flows	$	1,900		$	–

⁽¹⁾ Future net cash flows were converted from Cdn$ to US$ in this table based on the year-end exchange rate of $0.8962.