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Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Sep. 30, 2016
Current Assets    
Cash and cash equivalents $ 1,097,651 $ 1,400,922
Accounts receivable 81,292 22,577
Prepaid expenses 36,076 32,951
Total Current Assets 1,215,019 1,456,450
Long-term investments 407,025 384,247
Oil and gas properties, net, based on full cost method of accounting 21,295,674 21,164,415
Property and equipment, net 115,520 161,855
TOTAL ASSETS 23,033,238 23,166,967
Current Liabilities    
Accounts payable and accrued liabilities 156,218 47,506
Accounts payable and accrued liabilities - related parties 9,934 2,469
Total Current Liabilities 166,152 49,975
Asset retirement obligations (Note 10) 493,411 452,533
TOTAL LIABILITIES 659,563 502,508
(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, 2016 - 229,374,605 shares) 229,374 229,374
Additional paid in capital 42,845,292 42,842,978
Accumulated deficit (20,700,991) (20,407,893)
Total Shareholders' Equity 22,373,675 22,664,459
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 23,033,238 $ 23,166,967