v3.7.0.1
Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Sep. 30, 2016
Current Assets    
Cash and Cash Equivalents $ 64,407 $ 64,114
Prepaid Expenses and Other Current Assets 127,312 38,311
Accounts Receivable, Net   63,147
Total Current Assets 191,719 165,572
Property and Equipment, Net of Depreciation 10,468 24,288
Oil and Natural Gas Properties, Full Cost Method of Accounting 4,774,429 4,526,171
Total Non-Current Assets 4,784,897 4,550,459
Total Assets 4,976,616 4,716,031
Current Liabilities    
Accounts Payable 440,917 426,271
Related Party Payable 286,629 265,834
Accrued Interest Payable 1,067,830 812,383
Accrued Expenses and Other Payables 1,321,927 1,352,929
Loans from Related Parties 8,692,276 8,382,891
Notes Payable 78,270 4,156
Convertible Promissory Notes Payable 482,855 153,358
Stock Payable 11,605 11,605
Total Current Liabilities 12,382,309 11,409,427
Total Liabilities 12,382,309 11,409,427
Stockholders' Deficit    
Preferred Stock; par value ($0.001); Authorized 50,000,000 shares none issued or outstanding
Common Stock; par value ($0.001); Authorized 975,000,000 shares; 685,152,225 and 682,902,225 issued and and outstanding, respectively 685,152 682,402
Additional Paid-in-Capital 26,815,322 26,151,376
Accumulated Deficit (34,906,167) (33,527,174)
Total Stockholders' Deficit (7,405,693) (6,693,396)
Total Liabilities and Stockholders' Deficit $ 4,976,616 $ 4,716,031

Source

v3.7.0.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
General & Administrative Expenses $ 456,898 $ 422,454 $ 676,826 $ 1,009,604
Net Loss from Operations (456,898) (422,454) (676,826) (1,009,604)
Other Income/(Expenses):        
Interest Expense (369,332) (103,367) (702,167) (206,743)
Net Loss Before Income Taxes (826,230) (525,821) (1,378,993) (1,216,347)
Net Loss $ (826,230) $ (525,821) $ (1,378,993) $ (1,216,347)
Loss Per Share - Basic and Diluted (in dollars per share) $ (0.00) $ 0.00 $ 0.00 $ 0.00
Weighted Average Shares Outstanding - Basic and Diluted (in shares) 684,327,225 680,163,471 683,356,895 676,159,210

Source

v3.7.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net Loss $ (1,378,993) $ (1,216,347)
Adjustments to reconcile net loss to net cash From Operating Activities:    
Change in Accounts Receivable 63,147  
Depreciation 13,820 26,087
Stock-based Compensation Expense 327,531  
Stock Issued for Services   182,298
Debt Discount Amortization 444,172  
Changes in Operating Assets and Liabilities    
(Increase)/Decrease in Prepaid Expenses 70,186 125,718
Increase/(Decrease) in Accounts Payable and Stock Payable (34,006) 107,030
Increase/(Decrease) in Related Party Payable 20,795 29,760
Increase/(Decrease) in Accrued Interest 255,447 203,128
Increase/(Decrease) in Accrued Liabilities   39,514
Net Cash From Operating Activities (217,901) (502,812)
INVESTING ACTIVITIES    
Exploration Costs (91,232) (966,307)
Net Cash From Investing Activities (91,232) (966,307)
FINANCING ACTIVITIES    
Proceeds from Related Party Loans 244,500 228,000
Proceeds from Convertible Promissory Notes and Warrants 150,000  
Payments on Note Payable (85,074) (126,801)
Net Cash From Financing Activities 309,426 101,199
Net Increase/(Decrease) in Cash 293 (1,367,920)
Beginning Cash Balance 64,114 1,428,014
Ending Cash Balance 64,407 130,173
Supplemental Schedule of Cash Flow Activities    
Cash Paid for Interest 2,547 3,615
Non-Cash Financing and Investing Activities    
Prepaid Asset Financed by Note Payable 159,188 240,848
Capital Expenditures Included in Accounts Payable 17,651 191,878
Capital Expenditures Included in Stock Payable   11,605
Stock-Based Compensation Capitalized to Unproved Properties $ 139,375 $ 225,747

Source