Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

v3.20.4
Condensed Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2020
Sep. 30, 2020
Current Assets    
Cash $ 2,558,646 $ 3,190,418
Accounts Receivable   366,173
Prepaid Expenses and Other Current Assets 269,354 84,129
Total Current Assets 2,828,000 3,640,720
Property and Equipment, net 4,624 6,347
Oil and Natural Gas Properties, Full Cost Method of Accounting, Unproved Properties 12,453,023 12,372,853
Operating Lease Right of Use Asset 41,441 54,768
Total Non-Current Assets 12,499,088 12,433,968
Total Assets 15,327,088 16,074,688
Current Liabilities    
Accounts Payable 178,393 228,892
Related Party Payable 417,983 417,984
Accrued Interest Payable 2,731,983 2,616,008
Accrued Expenses and Other Payables 268,863 268,863
Loans from Related Parties 8,725,500 8,725,500
Notes Payable   120,827
Convertible Notes Payable, net of Debt Discount 220,656 461,613
Derivative Financial Instruments 972,552 1,070,551
Current Portion of Operating Lease Liability 67,271 62,074
Total Current Liabilities 13,583,201 13,972,312
Total Liabilities 13,583,201 13,972,312
Commitments and Contingencies  
Stockholders' Equity    
Preferred Stock; par value ($0.001); Authorized 50,000,000 shares none issued or outstanding  
Common Stock; par value ($0.001); Authorized 1,500,000,000 shares; issued and outstanding 1,268,240,346 and 1,250,740,346 as of December 31, 2020 and September 30, 2020, respectively 1,268,240 1,250,740
Additional Paid-in-Capital 58,815,808 58,728,308
Additional Paid-in Capital - Shares to Be Issued   105,000
Accumulated Deficit (58,340,161) (57,981,672)
Total Stockholders' Equity 1,743,887 2,102,376
Total Liabilities and Stockholders' Equity $ 15,327,088 $ 16,074,688