v3.8.0.1
Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Sep. 30, 2017
Current Assets    
Cash $ 2,369,948 $ 6,426
Prepaid Expenses and Other Current Assets 131,323 40,573
Accounts Receivable 522,726  
Total Current Assets 3,023,997 46,999
Property and Equipment, Net of Depreciation 510 3,484
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Unproved Properties 5,431,362 1,887,879
Total Non-Current Assets 5,431,872 1,891,363
Total Assets 8,455,869 1,938,362
Current Liabilities    
Accounts Payable 2,116,255 476,244
Related Party Payable 310,289 298,458
Accrued Interest Payable 1,584,315 1,318,188
Accrued Expenses and Other Payables 1,321,927 1,321,927
Loans from Related Parties 9,164,500 9,155,581
Notes Payable 86,996 3,690
Convertible Promissory Notes Payable 756,133 669,419
Stock Payable   11,605
Total Current Liabilities 15,340,415 13,255,112
Total Liabilities 15,340,415 13,255,112
Stockholders' Deficit    
Preferred Stock; par value ($0.001); Authorized 50,000,000 shares none issued or outstanding
Common Stock; par value ($0.001); Authorized 975,000,000 shares; issued and outstanding 778,820,060 and 692,196,625, respectively 778,820 692,196
Additional Paid-in-Capital 32,618,329 27,212,577
Accumulated Deficit (40,281,695) (39,221,523)
Total Stockholders' Deficit (6,884,546) (11,316,750)
Total Liabilities and Stockholders' Deficit $ 8,455,869 $ 1,938,362

Source

v3.8.0.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]        
General & Administrative Expenses $ 101,139 $ 456,898 $ 390,465 $ 676,826
Net Loss from Operations (101,139) (456,898) (390,465) (676,826)
Other Income/(Expenses):        
Interest Expense (227,489) (369,332) (452,566) (702,167)
Loss on Debt Extinguishment (217,141) (217,141)  
Net Loss Before Income Taxes (545,769) (826,230) (1,060,172) (1,378,993)
Net Loss $ (545,769) $ (826,230) $ (1,060,172) $ (1,378,993)
Loss Per Share - Basic and Diluted (in dollars per share) $ 0.00 $ (0.00) $ 0.00 $ (0.00)
Weighted Average Shares Outstanding - Basic and Diluted (in shares) 770,552,707 684,327,225 733,243,895 683,356,895

Source

v3.8.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES    
Net Loss $ (1,060,172) $ (1,378,993)
Adjustments to reconcile net loss to net cash From Operating Activities:    
Changes in Accounts Receivable  
Depreciation 2,976 13,820
Stock Based Compensation 65,506 327,531
Stock Issued for Services 3,650  
Debt Discount Amortization 175,634 444,172
Loss on Debt Extinguishment 217,141  
Changes in Operating Assets and Liabilities    
(Increase)/Decrease in Accounts Receivable (218,664) 63,147
(Increase)/Decrease in Prepaid Expenses 65,968 70,186
Increase/(Decrease)  in Accounts Payable and Stock Payable 1,496,334 (34,006)
Increase/(Decrease) in Related Party Payable 11,830 20,795
Increase/(Decrease) in Accrued Interest 272,727 255,447
Net Cash From Operating Activities 1,032,930 (217,901)
INVESTING ACTIVITIES    
Investments in Oil and Gas Properties (281,584) (91,232)
Proceeds From Sale of Working Interest 1,485,589  
Net Cash From Investing Activities 1,204,005 (91,232)
FINANCING ACTIVITIES    
Proceeds from Related Party Loans   244,500
Proceeds from Convertible Promissory Notes and Warrants 200,000 150,000
Payments on Note Payable (73,413) (85,074)
Net Cash From Financing Activities 126,587 309,426
Net Increase/(Decrease) in Cash 2,363,522 293
Beginning Cash Balance 6,426 64,114
Ending Cash Balance 2,369,948 64,407
Supplemental Schedule of Cash Flow Activities    
Cash Paid for Interest 3,036 2,547
Non-Cash Financing and Investing Activities    
Prepaid Asset Financed by Note Payable 156,718 159,188
Capital Expenditures Included in Accounts Payable 16,260 17,651
Stock-Based Compensation Capitalized to Unproved Properties 27,875 $ 139,375
Stock Issued for Consulting Services Capitalized to Unproved Properties 4,880,000  
Receivable from Sale of Working Interest 304,052  
Wells In Process Included in Accounts Payable $ 127,415  

Source