v3.6.0.2
Condensed Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2016
Sep. 30, 2016
Current Assets    
Cash and Cash Equivalents $ 51,804 $ 64,114
Prepaid Expenses and Other Current Assets 175,332 38,311
Accounts Receivable, Net   63,147
Total Current Assets 227,136 165,572
Property and Equipment, Net of Depreciation 16,720 24,288
Oil and Natural Gas Properties, Full Cost Method of Accounting, Unproved Properties 4,590,563 4,526,171
Total Non-Current Assets 4,607,283 4,550,459
Total Assets 4,834,419 4,716,031
Current Liabilities    
Accounts Payable 466,199 426,271
Related Party Payable 280,713 265,834
Accrued Interest Payable 938,560 812,383
Accrued Expenses and Other Payables 1,321,927 1,352,929
Loans from Related Parties 8,536,088 8,382,891
Notes Payable 126,896 4,156
Convertible Promissory Notes Payable 298,800 153,358
Stock Payable 11,605 11,605
Total Current Liabilities 11,980,788 11,409,427
Total Liabilities 11,980,788 11,409,427
Stockholders' Deficit    
Common Stock; par value ($0.001); Authorized 975,000,000 shares; 682,902,225 and 682,402,225 issued and 684,152,225 and 683,652,225 outstanding, respectively 682,902 682,402
Additional Paid-in-Capital 26,250,666 26,151,376
Accumulated Deficit (34,079,937) (33,527,174)
Total Stockholders' Deficit (7,146,369) (6,693,396)
Total Liabilities and Stockholders' Deficit $ 4,834,419 $ 4,716,031

Source

v3.6.0.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]    
General & Administrative Expenses $ 219,928 $ 587,171
Net Loss from Operations (219,928) (587,171)
Other Income/(Expenses):    
Interest Expense (332,835) (103,376)
Net Loss Before Income Taxes (552,763) (690,547)
Net Loss $ (552,763) $ (690,547)
Loss Per Share - Basic and Diluted (in dollars per share) $ 0.00 $ 0.00
Weighted Average Shares Outstanding - Basic and Diluted (in shares) 682,407,660 672,198,474

Source

v3.6.0.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES    
Net Loss $ (552,763) $ (690,547)
Adjustments to reconcile net loss to net cash From Operating Activities:    
Depreciation 7,568 13,116
Stock Issued for Services   91,697
Debt Discount Amortization 205,430  
Changes in Operating Assets and Liabilities    
(Increase)/Decrease in Accounts Receivable 63,147  
(Increase)/Decrease in Prepaid Expenses 22,167 15,494
Increase/(Decrease) in Accounts Payable 3,462 25,883
Increase/(Decrease) in Related Party Payable 14,880 14,880
Increase/(Decrease) in Accrued Interest 126,176 101,647
Increase/(Decrease) in Accrued Liabilities   39,515
Net Cash From Operating Activities (109,933) (388,315)
INVESTING ACTIVITIES    
Exploration Costs (58,929) (855,590)
Net Cash From Investing Activities (58,929) (855,590)
FINANCING ACTIVITIES    
Proceeds from Related Party Loans 143,000  
Proceeds from Convertible Promissory Notes and Warrants 50,000  
Payments on Note Payable (36,448) (53,936)
Net Cash From Financing Activities 156,552 (53,936)
Net Increase/(Decrease) in Cash (12,310) (1,297,841)
Beginning Cash Balance 64,114 1,428,014
Ending Cash Balance 51,804 130,173
Supplemental Schedule of Cash Flow Activities    
Cash Paid for Interest 2,015 1,729
Non-Cash Financing and Investing Activities    
Prepaid Asset Financed by Note Payable 159,188 240,848
Capital Expenditures Included in Accounts Payable $ 5,463 188,019
Capital Expenditures Included in Stock Payable   11,605
Stock-Based Compensation Capitalized to Unproved Properties   $ 113,697

Source