Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net Loss $ (6,509,799) $ (1,060,172)
Adjustments to reconcile net loss to net cash From Operating Activities:    
Depreciation 2,590 2,976
Stock Based Compensation 260,648 65,506
Bad debt expense 672,500  
Loss on Derivative Financial Instrument 16,992  
Stock Issued for Services   3,650
Debt Discount Amortization 11,449 175,634
Loss on Debt Extinguishment 5,099,340 217,141
Changes in Operating Assets and Liabilities    
(Increase)/Decrease in Accounts Receivable (4,108,013) (218,664)
(Increase)/Decrease in Prepaid Expenses 64,741 65,968
Increase/(Decrease) in Deposits from Joint Interest Owners (4,078,786)  
Increase/(Decrease) in Accounts Payable and Stock Payable 3,384,095 1,496,334
Increase/(Decrease) in Related Party Payable 29,758 11,830
Increase/(Decrease) in Other 19,553  
Increase/(Decrease) in Accrued Interest 237,921 272,727
Net Cash (Used In) Provided By Operating Activities (4,897,011) 1,032,930
INVESTING ACTIVITIES    
Investments in Oil and Gas Properties (5,658,105) (281,584)
Proceeds From Sale of Working Interest   1,485,589
Net Cash (Used In) Provided By Investing Activities (5,658,105) 1,204,005
FINANCING ACTIVITIES    
Proceeds from Term Loan 10,000,000  
Proceeds from Convertible Promissory Notes and Warrants   200,000
Payments on Note Payable (65,555) (73,413)
Net Cash Provided By Financing Activities 9,934,445 126,587
Net Increase/(Decrease) in Cash (620,670) 2,363,522
Beginning Cash Balance 5,621,814 6,426
Ending Cash Balance 5,001,143 2,369,948
Supplemental Schedule of Cash Flow Activities:    
Cash Paid for Interest 2,870 3,036
Non-Cash Financing and Investing Activities:    
Prepaid Asset Financed by Note Payable 146,310 156,718
Debt Issuance Costs in Accounts Payable 467,704  
Capital Expenditures Included in Accounts Payable   16,260
Stock-Based Compensation Capitalized to Unproved Properties 541,905 27,875
Stock Issued for Consulting Services Capitalized to Unproved Properties   4,880,000
Loans Extinguished through Exercise of Warrants 10,000,000  
Receivable from Sale of Working Interest   304,052
Wells In Process Included in Accounts Payable 2,579,486 $ 127,415
Funds Received from Capital Raise Transferred to Equity $ 965,800