INCOME TAXES (Details 2) - USD ($) |
Sep. 30, 2020 |
Sep. 30, 2019 |
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DEFERRED TAX ASSETS (LIABILITIES) | ||
Net operating losses | $ 13,767,315 | $ 10,295,547 |
Exploration costs | (1,156,312) | (1,110,135) |
Oil and natural gas leases | 1,337,094 | 2,336,776 |
IDC | (1,689,664) | (1,215,096) |
Stock based compensation | 666,202 | 567,406 |
Accrued interest and expenses not paid | 579,349 | 386,685 |
Derivative financial instrument | 224,816 | 69,120 |
Differences in book/tax depreciation | 10,392 | 9,191 |
Net deferred tax asset | 13,739,192 | 11,339,494 |
Valuation allowance | (13,739,192) | (11,339,494) |
NET DEFERRED TAXES | $ 0 | $ 0 |
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- References No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from derivative instruments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from intangible assets including goodwill. No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from property, plant, and equipment. No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from capitalized costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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