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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Sep. 30, 2019
Current Assets    
Cash and cash equivalents $ 23,285 $ 49,715
Accounts receivable 139,317 83,398
Prepaid expenses 17,498 34,266
Total Current Assets 180,100 167,379
Long term investments 390,195 396,782
Unproved oil and gas properties, net, based on full cost method of accounting 22,053,079 22,040,307
Property and equipment, net 63,420 73,509
TOTAL ASSETS 22,686,794 22,677,977
Current Liabilities    
Accounts payable and accrued liabilities 136,506 69,617
Accounts payable and accrued liabilities – related parties 6,119 1,375
Total Current Liabilities 142,625 70,992
Asset retirement obligations (Note 8) 499,917 500,392
Loan payable (Note 3) 22,014  
Total Non-Current Liabilities 521,931 500,392
TOTAL LIABILITIES 664,556 571,384
(Commitments and contingencies Note 12)
SHAREHOLDERS’ EQUITY    
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 (21,312,612) (21,228,257)
Total Shareholders’ Equity 22,022,238 22,106,593
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 22,686,794 $ 22,677,977