v3.8.0.1
Condensed Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2017
Sep. 30, 2017
Current Assets    
Cash $ 108,483 $ 6,426
Prepaid Expenses and Other Current Assets 158,493 40,573
Total Current Assets 266,976 46,999
Property and Equipment, Net of Depreciation 1,310 3,484
Oil and Natural Gas Properties, Full Cost Method of Accounting, Unproved Properties 1,817,587 1,887,879
Total Non-Current Assets 1,818,897 1,891,363
Total Assets 2,085,873 1,938,362
Current Liabilities    
Accounts Payable 488,550 476,244
Related Party Payable 304,374 298,458
Accrued Interest Payable 1,455,793 1,318,188
Accrued Expenses and Other Payables 1,321,927 1,321,927
Loans from Related Parties 9,164,500 9,155,581
Note Payable 130,934 3,690
Convertible Promissory Notes Payable 659,363 669,419
Stock Payable 11,605 11,605
Total Current Liabilities 13,537,046 13,255,112
Total Liabilities 13,537,046 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 698,526,625 and 692,196,625, respectively 698,526 692,196
Additional Paid-in Capital 27,586,227 27,212,577
Accumulated Deficit (39,735,926) (39,221,523)
Total Stockholders' Deficit (11,451,173) (11,316,750)
Total Liabilities and Stockholders' Deficit $ 2,085,873 $ 1,938,362

Source

v3.8.0.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
General & Administrative Expenses $ 289,327 $ 219,928
Net Loss from Operations (289,327) (219,928)
Other Income/(Expenses):    
Interest Expense (225,077) (332,835)
Net Loss Before Income Taxes (514,404) (552,763)
Net Loss $ (514,404) $ (552,763)
Loss Per Share - Basic and Diluted (in dollars per share) $ (0.00) $ (0.00)
Weighted Average Shares Outstanding - Basic and Diluted (in shares) 696,744,886 682,407,660

Source

v3.8.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES    
Net Loss $ (514,404) $ (552,763)
Adjustments to reconcile net loss to net cash From Operating Activities:    
Depreciation 2,174 7,568
Stock Based Compensation 65,506
Debt Discount Amortization 78,864 205,430
Changes in Operating Assets and Liabilities    
(Increase)/Decrease in Accounts Receivable 63,147
(Increase)/Decrease in Prepaid Expenses 38,798 22,167
Increase/(Decrease) in Accounts Payable 3,067 3,462
Increase/(Decrease) in Related Party Payable 5,916 14,880
Increase/(Decrease) in Accrued Interest 144,205 126,176
Net Cash From Operating Activities (175,874) (109,933)
INVESTING ACTIVITIES    
Investments in Oil and Gas Properties (183,185) (58,929)
Proceeds From Sale of Working Interest 290,589
Net Cash From Investing Activities 107,404 (58,929)
FINANCING ACTIVITIES    
Proceeds from Related Party Loans 143,000
Proceeds from Convertible Promissory Notes and Warrants 200,000 50,000
Payments on Note Payable (29,473) (36,448)
Net Cash From Financing Activities 170,527 156,552
Net Increase/(Decrease) in Cash 102,057 (12,310)
Beginning Cash Balance 6,426 64,114
Ending Cash Balance 108,483 51,804
Supplemental Schedule of Cash Flow Activities    
Cash Paid for Interest 2,008 2,015
Non-Cash Financing and Investing Activities    
Prepaid Asset Financed by Note Payable 156,718 159,188
Capital Expenditures Included in Accounts Payable 9,238 $ 5,463
Stock-Based Compensation Capitalized to Unproved Properties $ 27,875  

Source