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 ($)
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net Loss $ (4,629,560) $ (1,723,821)
Adjustments to Reconcile Net Loss to Net Cash Used In Operating Activities:    
Impairment of Oil and Natural Gas Properties 3,093,693
Depreciation 814 5,625
Stock Based Compensation 31,775 65,100
Gain (Loss) on Derivative Financial Instruments (125,361) 307,939
Debt Discount Amortization 50,337 69,525
Loss (Gain) on Debt Extinguishment 85,127 (136,640)
Changes in Operating Assets and Liabilities:    
   Accounts Receivable 37,232
   Prepaid Expenses and Other Current Assets (75,277) (34,576)
   Accounts Payable (23,881) (187,239)
   Accrued Interest Payable 345,566 345,810
  Operating Lease Liabilities 2,598
Net Cash Used In Operating Activities (1,246,767) (1,248,447)
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) (136,151)
Net Cash Provided By (Used In) Investing Activities (25,461) 218,442
FINANCING ACTIVITIES    
Payments on Notes Payable (320,527)
Net Cash Used In Financing Activities (320,527)
Net Decrease in Cash (1,272,228) (1,350,532)
Beginning Cash Balance 1,517,522 3,190,418
Ending Cash Balance 245,294 1,839,886
Supplemental Schedule of Cash Flow Activities:    
Cash Paid for Interest, Net of Amounts Capitalized 424
Non-Cash Financing and Investing Activities:    
Capital Expenditures in Accounts Payable 31,960 1,324
Warrants issued to Extend Maturity of Debt Instrument   86,902
Common Stock Issued upon Conversion of Convertible Notes Payable and Accrued Interest $ 105,000