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SUPPLEMENTARY OIL AND NATURAL GAS INFORMATION (UNAUDITED) (Tables) | 12 Months Ended
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Sep. 30, 2021
Oil and Gas Exploration and Production Industries Disclosures [Abstract] |
Summary of changes in the estimates of net interests in total proved developed reserves of oil and natural gas liquids and natural gas |
| OIL & NGL (Bbls) |  | GAS (Mcf) |  | Total (Boe)
Proved reserves: |  |  |  |  |
Balance at September 30, 2019 | 1,419,000 |  |  | 4,520,000 |  |  | 2,198,000 |
Revisions of previous estimates | (740,000) |  |  | (1,746,000) |  |  | (1,041,000) |
Acquisitions of reserves | 68,000 |  |  | 628,000 |  |  | 176,000 |
Less sales of reserves | (38,000) |  |  | (443,000) |  |  | (114,000) |
Less production | (174,000) |  |  | (649,000) |  |  | (286,000) |
Balance at September 30, 2020 | 535,000 |  |  | 2,310,000 |  |  | 933,000 |
Revisions of previous estimates | 291,000 |  |  | 1,345,000 |  |  | 523,000 |
Acquisitions of reserves | 80,000 |  |  | 289,000 |  |  | 130,000 |
Less sales of reserves | (97,000) |  |  | (341,000) |  |  | (156,000) |
Less production | (169,000) |  |  | (690,000) |  |  | (288,000) |
Proved Reserves, September 30, 2021 | 640,000 |  |  | 2,913,000 |  |  | 1,142,000 |
Proved Developed Reserves, September 30, 2021 | 636,000 |  |  | 2,913,000 |  |  | 1,138,000 |
Proved Undeveloped Reserves, September 30, 2021 | 4,000 |  |  | — |  |  | 4,000 |
Schedule of capitalized costs relating to oil and natural gas producing activities | All capitalized costs relating to oil and natural gas producing activities in Canada and the U.S. are summarized as follows:
| September 30, 2021
| Canada |  | United States |  | Total
Proved properties | $ | 58,273,000 |  |  | $ | 217,000 |  |  | $ | 58,490,000 |
Unproved properties | — |  |  | 962,000 |  |  | 962,000 |
Total capitalized costs | 58,273,000 |  |  | 1,179,000 |  |  | 59,452,000 |
Accumulated depletion, depreciation, and impairment | 56,053,000 |  |  | 14,000 |  |  | 56,067,000 |
Net capitalized costs | $ | 2,220,000 |  |  | $ | 1,165,000 |  |  | $ | 3,385,000 |
| September 30, 2020
| Canada |  | United States |  | Total
Proved properties | $ | 64,142,000 |  |  | $ | — |  |  | $ | 64,142,000 |
Unproved properties | — |  |  | — |  |  | — |
Total capitalized costs | 64,142,000 |  |  | — |  |  | 64,142,000 |
Accumulated depletion, depreciation, and impairment | 61,839,000 |  |  | — |  |  | 61,839,000 |
Net capitalized costs | $ | 2,303,000 |  |  | $ | — |  |  | $ | 2,303,000 |
Schedule of costs incurred in oil and natural gas property acquisition, exploration and development |
| Year ended September 30, 2021
| Canada |  | United States |  | Total
Acquisition of properties: |  |  |  |  |
Proved | $ | 1,032,000 |  |  | $ | 70,000 |  |  | $ | 1,102,000 |
Unproved | — |  |  | — |  |  | — |
Exploration costs | 255,000 |  |  | — |  |  | 255,000 |
Development costs | 563,000 |  |  | 1,108,000 |  |  | 1,671,000 |
Total | $ | 1,850,000 |  |  | $ | 1,178,000 |  |  | $ | 3,028,000 |
| Year ended September 30, 2020
| Canada |  | United States |  | Total
Acquisition of properties: |  |  |  |  |
Proved | $ | 242,000 |  |  | $ | — |  |  | $ | 242,000 |
Unproved | — |  |  | — |  |  | — |
Development costs | 2,857,000 |  |  | — |  |  | 2,857,000 |
Total | $ | 3,099,000 |  |  | $ | — |  |  | $ | 3,099,000 |
Schedule of results of operations for oil and natural gas producing activities |
| Year ended September 30, 2021
| Canada |  | United States |  | Total
Net revenues | $ | 10,136,000 |  |  | $ | 118,000 |  |  | $ | 10,254,000 |
Production costs | (6,532,000) |  |  | (24,000) |  |  | (6,556,000) |
Depletion | (631,000) |  |  | (14,000) |  |  | (645,000) |
Reduction of carrying value of oil and natural gas properties | (630,000) |  |  | — |  |  | (630,000) |
Pre-tax results of operations (1) | 2,343,000 |  |  | 80,000 |  |  | 2,423,000 |
Estimated income tax expense (2) | — |  |  | — |  |  | — |
Results of operations (1) | $ | 2,343,000 |  |  | $ | 80,000 |  |  | $ | 2,423,000 |
| Year ended September 30, 2020
| Canada |  | United States |  | Total
Net revenues | $ | 6,693,000 |  |  | $ | — |  |  | $ | 6,693,000 |
Production costs | (4,850,000) |  |  | — |  |  | (4,850,000) |
Depletion | (1,747,000) |  |  | — |  |  | (1,747,000) |
Reduction of carrying value of oil and natural gas properties | (4,326,000) |  |  | — |  |  | (4,326,000) |
Pre-tax results of operations (1) | (4,230,000) |  |  | — |  |  | (4,230,000) |
Estimated income tax expense (2) | — |  |  | — |  |  | — |
Results of operations (1) | $ | (4,230,000) |  |  | $ | — |  |  | $ | (4,230,000) |
_________________ (1) Before gain on sale of oil and natural gas properties, general and administrative expenses, interest expense, and foreign exchange gains and losses. (2) Estimated income tax expense includes changes to the deferred income tax valuation allowance necessary for the portion of Canadian and U.S. federal tax law deferred tax assets that may not be realizable.
Schedule of standardized measure of discounted future net cash flows |
| September 30,
| 2021 |  | 2020
Future cash inflows | $ | 36,130,000 |  |  | $ | 20,426,000 |
Future production costs | (25,323,000) |  |  | (17,860,000) |
Future development costs | (240,000) |  |  | (73,000) |
Future income tax expenses | (995,000) |  |  | (92,000) |
Future net cash flows excluding abandonment, decommissioning and reclamation | 9,572,000 |  |  | 2,401,000 |
Future abandonment, decommissioning and reclamation | (14,525,000) |  |  | (13,055,000) |
Future net cash flows | (4,953,000) |  |  | (10,654,000) |
10% annual discount for timing of cash flows | 7,598,000 |  |  | 8,969,000 |
Standardized measure of discounted future net cash flows | $ | 2,645,000 |  |  | $ | (1,685,000) |
Schedule of changes in standardized measure of discounted future net cash flows |
| Year ended September 30,
| 2021 |  | 2020
Beginning of year | $ | (1,685,000) |  |  | $ | 2,310,000 |
Sales of oil and natural gas produced, net of production costs | (3,604,000) |  |  | (1,843,000) |
Net changes in prices and production costs, net of royalties and wellhead taxes | 5,702,000 |  |  | (1,876,000) |
Net change due to purchases and sales of minerals in place | (882,000) |  |  | 467,000 |
Previously estimated development costs incurred | — |  |  | 1,305,000 |
Changes in future development costs | — |  |  | 7,773,000 |
Revisions of previous quantity estimates | 4,217,000 |  |  | (10,274,000) |
Net change in income taxes | (845,000) |  |  | 288,000 |
Accretion of discount | (176,000) |  |  | 230,000 |
Other - changes in the timing of future production and other | (55,000) |  |  | (63,000) |
Other - net change in Canadian dollar translation rate | (27,000) |  |  | (2,000) |
Net change | 4,330,000 |  |  | (3,995,000) |
End of year | $ | 2,645,000 |  |  | $ | (1,685,000) |

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- Definition Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Form 20-F -Section Item 18 -Subsection Instruction 2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61884-109447 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61858-109447 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61872-109447 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61831-109447 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61797-109447 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61869-109447 + Details
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