Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Details Narrative)

v3.7.0.1
STOCK-BASED COMPENSATION (Details Narrative)
3 Months Ended 9 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2017
USD ($)
shares
Jun. 30, 2016
USD ($)
Jan. 01, 2017
Number
Options granted | shares     33,500,000    
Stock-based compensation expense $ 93,381 $ 174,650 $ 560,287 $ 582,694  
Stock-based compensation capitalized to unproved properties 27,875 $ 99,050 167,250 $ 324,797  
Unrecognized compensation expense related to stock options 186,763   186,763    
Intrinsic value of stock options outstanding $ 0   $ 0    
Restricted Stock [Member]          
Restricted shares issued | shares     1,250,000    
Stock Options [Member]          
Options granted | shares     33,500,000    
Vesting (percent)     50.00%    
Options expiration period     7 years    
Options expiration date     Jan. 01, 2024    
Number of employees granted options | Number         6
Number of directors granted options | Number         2