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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Sep. 30, 2018
Current Assets    
Cash and cash equivalents $ 181,691 $ 298,241
Accounts receivable 81,527 40,920
Prepaid expenses 19,895 24,730
Total Current Assets 283,113 363,891
Long term investments 379,445 398,055
Oil and gas properties, net, based on full cost method of accounting 22,015,478 21,975,868
Property and equipment, net 85,917 89,518
TOTAL ASSETS 22,763,953 22,827,332
Current Liabilities    
Accounts payable and accrued liabilities 46,503 45,137
Accounts payable and accrued liabilities - related parties 2,550
Total Current Liabilities 49,053 45,137
Asset retirement obligations (Note 7) 472,613 493,467
TOTAL LIABILITIES 521,666 538,604
Commitments and contingencies (Note 11)
SHAREHOLDERS' EQUITY    
Common Stock: (Note 8) Authorized: 600,000,000 shares at $0.001 par value Issued and outstanding: 230,574,603 shares (September 30, 2018 – 230,574,603 shares) 230,574 230,574
Additional paid in capital 43,104,276 43,104,276
Subscriptions receivable - related party (15,000)
Accumulated deficit (21,092,563) (21,031,122)
Total Shareholders' Equity 22,242,287 22,288,728
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 22,763,953 $ 22,827,332