Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net Loss $ (2,636,734) $ (5,694,349)
Adjustments to Reconcile Net Loss to Cash Provided by (Used in) Operating Activities:    
Impairment of Oil and Natural Gas Properties   3,316,212
Change in Allowance For Doubtful Accounts Receivable   (128,024)
Depreciation 4,723 20,804
Debt Discount Amortization 254,501 810,540
Loss on Debt Extinguishment 526,459 89,701
Stock Based Compensation 1,036,654 458,543
Stock Issued for Services 503,076  
Change in fair value of Derivatives 136,827  
Changes in Operating Assets and Liabilities:    
(Increase) Decrease in Accounts Receivable (6,286,796) 191,171
(Increase) Decrease in Prepaid Expenses and other Current Assets 146,488 156,927
Increase (Decrease) in Deposits from Joint Interest Owners 4,078,786  
Increase (Decrease) in Accounts Payable 5,914,705 (30,205)
Increase (Decrease) in Related Party Payable 7,928 32,626
Increase (Decrease) in Accrued Interest Payable 520,375 509,139
Increase (Decrease) in Accrued Liabilities and Other Payables 633,865  
Increase (Decrease) in Other 44,723  
Net Cash Provided by (Used in) Operating Activities 4,885,581 (266,915)
INVESTING ACTIVITIES    
Leases Purchased / Lease Rentals Paid (280,268) (284,089)
Proceeds From Sale of Working Interest 2,884,651 26,400
Capitalized Exploration and Wells In Process Costs (1,904,618) (175,931)
Deposits and Equipment Purchases (22,050)  
Net Cash Provided by (Used in) Investing Activities 677,715 (433,620)
FINANCING ACTIVITIES    
Proceeds from Related Party Loans   652,500
Payments on Note Payable (160,408) (159,653)
Proceeds from Convertible Promissory Notes and Warrants 212,500 150,000
Net Cash Provided by (Used in) Financing Activities 52,092 642,847
Net Increase (Decrease) in Cash 5,615,388 (57,688)
Beginning Cash Balance 6,426 64,114
Ending Cash Balance 5,621,814 6,426
Supplemental Schedule of Cash Flow Activities    
Cash Paid for Interest 5,636 4,448
Non-Cash Investing and Financing Activities    
Prepaid Asset Financed Through Notes Payable 156,718 159,188
Accrued Liabilities, Convertible Notes and Accrued Interest Settled Through Issuance of Common Stock 1,896,999  
Purchase of Developmental Capital Expenditures    
Included in Accounts Payable 1,223,792 49,177
Through Stock Based Compensation to Employees 820,877 $ 195,127
Through Issuance of Common Stock $ 4,880,000