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Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Sep. 30, 2015
Current Assets    
Cash and cash equivalents $ 1,400,922 $ 1,786,270
Accounts receivable 22,577 301,832
Prepaid expenses 32,951 37,698
Total Current Assets 1,456,450 2,125,800
Long-term investments 384,247 372,971
Oil and gas properties, net, based on full cost method of accounting 21,164,415 20,981,652
Property and equipment, net 161,855 203,970
TOTAL ASSETS 23,166,967 23,684,393
Current Liabilities    
Accounts payable and accrued liabilities 47,506 272,091
Accounts payable and accrued liabilities - related parties 2,469 4,833
Total Current Liabilities 49,975 276,924
Asset retirement obligations (Note 10) 452,533 426,607
TOTAL LIABILITIES 502,508 703,531
(Commitments and contingencies Note 15)
SHAREHOLDERS' EQUITY    
Common Stock: (Note 11) 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 42,842,978 42,605,007
Accumulated deficit (20,407,893) (19,853,519)
Total Shareholders' Equity 22,664,459 22,980,862
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 23,166,967 $ 23,684,393