Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

v3.19.3.a.u2
INCOME TAXES (Details 2) - USD ($)
Sep. 30, 2019
Sep. 30, 2018
DEFERRED TAX ASSETS (LIABILITIES)    
Net operating losses $ 10,295,547 $ 7,131,636
Exploration costs (1,110,135) (1,503,472)
Oil and natural gas leases 2,336,776 2,192,654
IDC (1,036,737)  
Partnership ordinary loss (178,359)  
Stock based compensation 567,406 411,287
Accrued interest and expenses not paid 386,685 271,190
Derivative financial instrument   (57,059)
Derivative financial instrument - Assets 69,120  
Differences in book/tax depreciation 9,191 13,573
Net deferred tax asset 11,339,494 8,459,809
Valuation allowance (11,339,494) (8,459,809)
NET DEFERRED TAXES $ 0 $ 0