Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2021
Sep. 30, 2020
Current Assets    
Cash $ 1,839,886 $ 3,190,418
Accounts Receivable 366,173
Prepaid Expenses and Other Current Assets 118,705 84,129
Total Current Assets 1,958,591 3,640,720
Property and Equipment, net 2,887 6,347
Oil and Natural Gas Properties, Full Cost Method of Accounting, Unproved Properties 12,510,329 12,372,853
Operating Lease Right of Use Asset 14,473 54,768
Total Non-Current Assets 12,527,689 12,433,968
Total Assets 14,486,280 16,074,688
Current Liabilities    
Accounts Payable 70,795 228,892
Related Party Payable 417,983 417,984
Accrued Interest Payable 2,961,156 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 154,819 461,613
Derivative Financial Instruments 1,332,229 1,070,551
Current Portion of Operating Lease Liability 24,378 62,074
Total Current Liabilities 13,955,723 13,972,312
Total Liabilities 13,955,723 13,972,312
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 June 30, 2021 and September 30, 2020, respectively 1,268,240 1,250,740
Additional Paid-in-Capital 58,967,810 58,728,308
Additional Paid-in Capital – Shares to Be Issued 105,000
Accumulated Deficit (59,705,493) (57,981,672)
Total Stockholders’ Equity 530,557 2,102,376
Total Liabilities and Stockholders’ Equity $ 14,486,280 $ 16,074,688