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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Sep. 30, 2019
Current Assets    
Cash and cash equivalents $ 11,116 $ 49,715
Accounts receivable 93,722 83,398
Prepaid expenses 19,166 34,266
Total Current Assets 124,004 167,379
Long term investments 374,106 396,782
Unproved oil and gas properties, net, based on full cost method of accounting 22,047,013 22,040,307
Property and equipment, net 66,783 73,509
TOTAL ASSETS 22,611,906 22,677,977
Current Liabilities    
Accounts payable and accrued liabilities 113,537 69,617
Accounts payable and accrued liabilities – related parties 6,218 1,375
Total Current Liabilities 119,755 70,992
Asset retirement obligations (Note 7) 475,861 500,392
TOTAL LIABILITIES 595,616 571,384
(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, 2019 – 230,574,603 shares) 230,574 230,574
Additional paid in capital 43,104,276 43,104,276
Accumulated deficit (21,318,560) (21,228,257)
Total Shareholders’ Equity 22,016,290 22,106,593
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 22,611,906 $ 22,677,977