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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Sep. 30, 2015
Current Assets    
Cash and cash equivalents $ 1,181,790 $ 1,786,270
Accounts receivable 344,856 301,832
Prepaid assets 453,180
Prepaid expenses 27,066 37,698
Total Current Assets 2,006,892 2,125,800
Long term investments 361,260 372,971
Oil and gas properties, net, based on full cost method of accounting 20,989,874 20,981,652
Property and equipment, net 193,509 203,970
TOTAL ASSETS 23,551,535 23,684,393
Current Liabilities    
Accounts payable and accrued liabilities 294,540 272,091
Accounts payable and accrued liabilities- related parties 2,002 4,833
Total Current Liabilities 296,542 276,924
Asset retirement obligations (Note 8) 416,330 426,607
TOTAL LIABILITIES 712,872 703,531
Commitments and contingencies (Note 11)
SHAREHOLDERS' EQUITY    
Common Stock: (Note 10) Authorized: 600,000,000 shares at $0.001 par value Issued and outstanding: 229,374,605 shares (September 30, 2015 - 229,374,605 shares) 229,374 229,374
Additional paid in capital 42,673,661 42,605,007
Accumulated deficit (20,064,372) (19,853,519)
Total Shareholders' Equity 22,838,663 22,980,862
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 23,551,535 $ 23,684,393