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

12 Months Ended

Sep. 30, 2015

Supplementary Information On Oil And Gas Reserves [Abstract]

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

Oil (Bitumen)

Natural Gas

Total

Gross (1) (Mbbl)

Net (2) (Mbbl)

Gross (Mmcf)

Net (Mmcf)

BOE (MBOE)

Proved developed and undeveloped reserves:

Beginning of year - as of September 30, 2014

571

530

–

–

571

Revisions of previous estimates

(545

)

(504

)

(545

)

Improved recovery

–

–

–

–

–

Purchases of minerals in place

–

–

–

–

–

Extensions and discoveries

–

–

–

–

–

Production

(26

)

(26

)

–

–

(26

)

Sales of minerals in place

–

–

–

–

–

End of year - as of September 30, 2015

–

–

–

–

–

Proved developed reserves:

as of September 30, 2014

571

530

–

–

571

as of September 30, 2015

–

–

–

–

–

⁽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

	As of		As of
In Thousands	September 30, 2015		September 30,  2014
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