SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Mar. 31, 2020
USD ($)
|
Mar. 31, 2019
USD ($)
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Mar. 31, 2020
USD ($)
Number
shares
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Mar. 31, 2019
USD ($)
Number
shares
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Oct. 02, 2019
USD ($)
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Sep. 30, 2019
USD ($)
|
|
General and Administrative Expenses | $ 436,317 | $ 387,221 | $ 913,241 | $ 516,658 | ||
Net Loss | (634,880) | $ (5,307,682) | (788,024) | $ (5,654,000) | ||
Accumulated losses | (56,353,604) | $ (56,353,604) | $ (55,565,581) | $ (55,582,010) | ||
Antidilutive securities excluded from EPS calculation | shares | 562,278,498 | 225,311,416 | ||||
Number of wellbores drilled | Number | 2 | 2 | ||||
Amount of working capital | (18,600,000) | $ (18,600,000) | ||||
Short-term debt | 15,000,000 | 15,000,000 | ||||
Unrestricted cash | 2,815,558 | 2,815,558 | 1,138,919 | |||
Payment of joint payables from drilling operations | 800,000 | |||||
Minimum capital which company estimated to raise to meet its obligations and planned expenditures | 10,000,000 | |||||
Oil and Gas Joint Operations [Member] | ||||||
Accounts receivable, net | $ 2,700,000 | $ 2,700,000 | $ 8,500,000 |
X | ||||||||||
- Definition The amount of working capital calculated as the current assets minus the current liabilities. No definition available.
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X | ||||||||||
- Definition The minimum amount of capital which the entity estimated to raise to meet its future obligations and planned expenditures. No definition available.
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X | ||||||||||
- Definition Information represents the number of well bores drilled. No definition available.
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X | ||||||||||
- Definition The amount of payment of join payables from drilling operations. No definition available.
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X | ||||||||||
- Definition Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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