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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Sep. 30, 2015
Current Assets    
Cash and cash equivalents $ 1,493,893 $ 1,786,270
Accounts receivable 62,200 301,832
Prepaid expenses 28,905 37,698
Total Current Assets 1,584,998 2,125,800
Long term investments 386,692 372,971
Oil and gas properties, net, based on full cost method of accounting 21,064,705 20,981,652
Property and equipment, net 172,589 203,970
TOTAL ASSETS 23,208,984 23,684,393
Current Liabilities    
Accounts payable and accrued liabilities 26,550 272,091
Accounts payable and accrued liabilities- related parties 3,311 4,833
Total Current Liabilities 29,861 276,924
Asset retirement obligations (Note 7) 452,160 426,607
TOTAL LIABILITIES 482,021 703,531
(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 42,790,910 42,605,007
Accumulated deficit (20,293,321) (19,853,519)
Total Shareholders' Equity 22,726,963 22,980,862
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 23,208,984 $ 23,684,393