Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net Loss $ (4,356,920) $ (1,359,508)
Adjustments to Reconcile Net Loss to Net Cash Used In Operating Activities:    
Impairment of Oil and Natural Gas Properties 3,093,693
Capitalization of Interest Expense
Depreciation 633 3,667
Stock Based Compensation 31,775 32,550
Loss on Derivative Financial Instruments 184,231 456,915
Debt Discount Amortization 43,213 53,219
Gain on Debt Extinguishment (136,640)
Changes in Operating Assets and Liabilities:    
   Accounts Receivable 41,364
   Prepaid Expenses and Other Current Assets (154,134) (111,816)
   Accounts Payable (23,737) (189,205)
   Accrued Interest Payable 230,378 230,621
  Operating Lease Liabilities 12,503
Net Cash Used In Operating Activities (950,868) (966,330)
INVESTING ACTIVITIES    
Insurance Proceeds Received 223,650
Equipment Purchases (2,165)
Proceeds from Sale of Pipe 133,108
Investments in Oil and Gas Properties (25,461) (92,976)
Net Cash Provided By (Used In) Investing Activities (25,461) 261,617
FINANCING ACTIVITIES    
Proceeds from Issuance of Convertible Notes Payable
Payments on Notes Payable (320,527)
Net Cash Used In Financing Activities (320,527)
Net Decrease in Cash (976,329) (1,025,240)
Beginning Cash Balance 1,517,522 3,190,418
Ending Cash Balance 541,193 2,165,178
Supplemental Schedule of Cash Flow Activities:    
Cash Paid for Interest, Net of Amounts Capitalized 96
Non-Cash Financing and Investing Activities:    
Capital Expenditures in Accounts Payable 31,960 1,959
Common Stock Issued upon Conversion of Convertible Notes Payable and Accrued Interest $ 105,000