Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues      
Impairment of Oil and Natural Gas Properties 2,124,885 $ 4,252,539 $ 2,124,885 $ 4,252,539
General and Administrative Expenses 325,697 439,242 1,238,940 955,901
Net Loss from Operations (2,450,582) (4,691,781) (3,363,825) (5,208,440)
Other Income/(Expenses):        
Interest Expense, net (1,108) (1,709,833) (15,927) (1,730,842)
Gain (Loss) on Debt Extinguishment (18,269)   (1,617,036) (5,099,340)
Gain (Loss) on Derivative Financial Instrument (235,412) (106,399) 1,503,392 (123,391)
Net Loss Before Income Taxes (2,705,371) (6,508,013) (3,493,396) (12,162,013)
Provision for Income Taxes      
Net Loss $ (2,705,371) $ (6,508,013) $ (3,493,396) $ (12,162,013)
Loss Per Share - Basic and Diluted (in dollars per share) $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Weighted Average Shares Outstanding - Basic and Diluted (in shares) 1,233,094,593 1,090,288,822 1,162,730,812 946,785,438