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Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Sep. 30, 2017
Current Assets    
Cash and cash equivalents $ 298,241 $ 1,097,651
Accounts receivable 40,920 81,292
Prepaid expenses 24,730 36,076
Total Current Assets 363,891 1,215,019
Long-term investments 398,055 407,025
Oil and gas properties, net, based on full cost method of accounting 21,975,868 21,295,674
Property and equipment, net 89,518 115,520
TOTAL ASSETS 22,827,332 23,033,238
Current Liabilities    
Accounts payable and accrued liabilities 45,137 156,218
Accounts payable and accrued liabilities - related parties 9,934
Total Current Liabilities 45,137 166,152
Asset retirement obligations (Note 10) 493,467 493,411
TOTAL LIABILITIES 538,604 659,563
(Commitments and contingencies Note 15)
SHAREHOLDERS' EQUITY    
Common Stock: (Note 11) Authorized: 600,000,000 shares at $0.001 par value Issued and outstanding: 230,574,603 shares (September 30, 2017 - 229,374,605 shares) 230,574 229,374
Additional paid in capital 43,104,276 42,845,292
Subscriptions receivable - related party (15,000)
Accumulated deficit (21,031,122) (20,700,991)
Total Shareholders' Equity 22,288,728 22,373,675
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 22,827,332 $ 23,033,238