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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Sep. 30, 2015
Current Assets    
Cash and cash equivalents $ 965,387 $ 1,786,270
Accounts receivable 530,372 301,832
Prepaid assets 453,180
Prepaid expenses 47,470 37,698
Total Current Assets 1,996,409 2,125,800
Long term investments 387,118 372,971
Oil and gas properties, net, based on full cost method of accounting 21,058,592 20,981,652
Property and equipment, net 183,049 203,970
TOTAL ASSETS 23,625,168 23,684,393
Current Liabilities    
Accounts payable and accrued liabilities 382,567 272,091
Accounts payable and accrued liabilities - related parties 3,050 4,833
Total Current Liabilities 385,617 276,924
Asset retirement obligations (Note 7) 449,388 426,607
TOTAL LIABILITIES 835,005 703,531
(Commitments and contingencies (Note 11)
SHAREHOLDERS' EQUITY    
Common Stock: (Note 8) 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 42,732,286 42,605,007
Accumulated deficit (20,171,497) (19,853,519)
Total Shareholders' Equity 22,790,163 22,980,862
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 23,625,168 $ 23,684,393