Long-Term Investments

12 Months Ended

Sep. 30, 2019

Investments, All Other Investments [Abstract]

LONG-TERM INVESTMENTS

8. LONG-TERM INVESTMENTS

Our Long-term investments consist of cash held in trust on behalf of our potential obligations with the AER. These cash investments earn an interest rate of prime minus 0.375% and mature once our obligations to the AER are satisfied. These investments are required by the AER to ensure that there are sufficient future cash reserves to meet the expected future asset retirement obligations for abandonment and reclamation of the Company’s wells and wellsites and are restricted for this purpose.