GulfSlope Energy (GSPE) S-1 5 Aug 19 IPO registration Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Mar. 31, 2019
Proceeds to be received under farm out agreement
Entity Registrant Name	GULFSLOPE ENERGY, INC.
Entity Central Index Key	0001341726
Document Type	S-1
Amendment Flag	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Document Period End Date	Mar. 31, 2019

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2017
Current Assets
Cash	$ 5,001,143	$ 5,621,814	$ 6,426
Accounts Receivable, Net	9,722,309	6,286,796
Prepaid Expenses and Other Current Assets	113,611	32,042	40,573
Total Current Assets	14,837,063	11,940,652	46,999
Property and Equipment, net of depreciation	12,196	14,786	3,484
Oil and Natural Gas Properties, Full Cost Method of Accounting, Unproved Properties	16,892,281	8,112,784	1,887,879
Other Non-Current Assets	24,785	24,785
Total Non-Current Assets	16,929,262	8,152,355	1,891,363
Total Assets	31,766,325	20,093,007	1,938,362
Current Liabilities
Accounts Payable	14,022,521	7,591,236	476,244
Deposits from Joint Interest Owners		4,078,786
Related Party Payable	336,145	306,386	298,458
Accrued Interest Payable	1,970,160	1,732,239	1,318,188
Accrued Expenses and Other Payables	268,862	268,862	1,321,927
Loans from Related Parties	8,725,500	9,084,500	9,155,581
Notes Payable	347,755		3,690
Convertible Promissory Notes Payable	227,000	135,000	669,419
Derivative Financial Instrument	288,702	271,710
Funds Received from Capital Raise		965,800
Stock Payable			11,605
Other	64,275	44,723
Total Current Liabilities	26,250,920	24,479,242	13,255,112
Total Liabilities	26,250,920	24,479,242	13,255,112
Commitments and Contingencies
Stockholders' Deficit
Preferred Stock; par value ($0.001);
Common Stock; par value ($0.001);	1,089,433	832,013	692,196
Additional Paid-in Capital	52,794,029	36,640,009	27,212,577
Accumulated Deficit	(48,368,056)	(41,858,257)	(39,221,523)
Total Stockholders' Deficit	5,515,405	(4,386,235)	(11,316,750)
Total Liabilities and Stockholders' Deficit	$ 31,766,325	$ 20,093,007	$ 1,938,362

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Preferred stock, authorized	50,000,000	50,000,000	50,000,000
Preferred stock, issued	0	0	0
Preferred stock, outstanding	0	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Common stock, authorized	1,500,000	1,500,000,000	975,000,000
Common stock, issued	1,089,433,510	832,013,272	692,196,625
Common stock, outstanding	1,089,433,510	832,013,272	692,196,625

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Impairment of Oil and Natural Gas Properties						$ 3,316,212
General & Administrative Expenses	$ 1,059,721	$ 101,139	$ 1,189,158	$ 390,465	$ 1,220,247	964,309
Net Loss from Operations	(1,059,721)	(101,139)	(1,189,158)	(390,465)	(1,220,247)	(4,280,521)
Other Income/(Expenses):
Interest Expense	(106,152)	(227,489)	(204,309)	(452,566)	(780,513)	(1,324,127)
Interest Income					(27,312)
Loss on Derivative Financial Instrument	179,274		(16,992)		(136,827)
Loss on Debt Extinguishment	(5,099,340)	(217,141)	(5,099,340)	(217,141)	(526,459)	(89,701)
Net Loss Before Income Taxes	(6,085,939)	(545,769)	(6,509,799)	(1,060,172)	(2,636,734)	(5,694,349)
Provision for Income Taxes					0	0
Net Loss	$ (6,085,939)	$ (545,769)	$ (6,509,799)	$ (1,060,172)	$ (2,636,734)	$ (5,694,349)
Loss Per Share - Basic and Diluted (in dollars per share)	$ (0.01)	$ 0	$ (0.01)	$ 0	$ 0	$ (0.01)
Weighted Average Shares Outstanding - Basic and Diluted (in shares)	919,010,230	770,552,707	875,033,746	733,243,895	768,365,759	684,935,344

STATEMENTS OF STOCKHOLDERS' DEF

STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Beginning balance at Sep. 30, 2016	$ 682,402	$ 26,151,376	$ (33,527,174)	$ (6,693,396)
Beginning balance (in shares) at Sep. 30, 2016	682,402,225
Common stock issued for services	$ 1,250	(1,250)
Common stock issued for services (in shares)	1,250,000
Common stock issued resulting from anti-dilution provision		131,165		131,165
Restricted common stock issued to employees		81,861		81,861
Value of warrants in conjunction with convertible promissory notes	$ 1,500	24,210		25,710
Value of warrants in conjunction with convertible promissory notes (in shares)	1,500,000
Value of beneficial conversion feature in conjunction with convertible promissory notes	$ 7,044	120,844		127,888
Value of beneficial conversion feature in conjunction with convertible promissory notes (in shares)	7,044,400
Loss from extension of due date and issuance of Bridge Note extensions		50,701		50,701
Stock Issued in Capital Raise	$ 19,325	946,925		966,250
Stock Issued in Capital Raise (in shares)	19,325,000
Value of warrants issued in conjunction with Bridge Note extensions		653,670		653,670
Net loss			(5,694,349)	(5,694,349)
Ending balance at Sep. 30, 2017	$ 692,196	27,212,577	(39,221,523)	$ (11,316,750)
Ending balance (in shares) at Sep. 30, 2017	692,196,625			692,196,625
Common stock issued for services	$ 80,294	4,814,961		$ 4,895,255
Common stock issued for services (in shares)	80,293,425
Value of warrants in conjunction with convertible promissory notes		47,386		47,386
Value of beneficial conversion feature in conjunction with convertible promissory notes		103,519		103,519
Common stock issued for convertible promissory notes	$ 2,000	47,094		49,094
Common stock issued for convertible promissory notes (in shares)	2,000,000
Common stock issued for conversion of convertible promissory notes plus accrued interest	$ 4,330	82,270		86,600
Common stock issued for conversion of convertible promissory notes plus accrued interest (in shares)	4,330,000
Stock Issued in Capital Raise	$ 19,325	946,925		966,250
Stock Issued in Capital Raise (in shares)	19,325,000
Net loss			(1,060,172)	(1,060,172)
Ending balance at Mar. 31, 2018	$ 778,820	32,618,329	(40,281,695)	(6,884,546)
Ending balance (in shares) at Mar. 31, 2018	778,820,050
Beginning balance at Sep. 30, 2017	$ 692,196	27,212,577	(39,221,523)	$ (11,316,750)
Beginning balance (in shares) at Sep. 30, 2017	692,196,625			692,196,625
Common stock issued for services	$ 84,349	5,122,404		$ 5,206,753
Common stock issued for services (in shares)	84,348,985
Value of warrants in conjunction with convertible promissory notes		47,387		47,387
Value of beneficial conversion feature in conjunction with convertible promissory notes		103,519		103,519
Amortization of employee stock options and restricted stock		1,857,531		1,857,531
Common stock issued for convertible promissory notes	$ 2,000	47,093		49,093
Common stock issued for convertible promissory notes (in shares)	2,000,000
Common stock issued for conversion of convertible promissory notes plus accrued interest	$ 41,851	924,474		966,325
Common stock issued for conversion of convertible promissory notes plus accrued interest (in shares)	41,850,996
Common stock issued for warrants exercised	$ 417	12,083		12,500
Common stock issued for warrants exercised (in shares)	416,666
Common stock issued to settle debt	$ 11,200	1,095,800		1,107,000
Common stock issued to settle debt (in shares)	11,200,000
Stock Issued in Capital Raise	$ 19,325	946,925		966,250
Stock Issued in Capital Raise (in shares)	19,325,000
Value of warrants issued in conjunction with Bridge Note extensions		217,141		217,141
Net loss			(2,636,734)	(2,636,734)
Ending balance at Sep. 30, 2018	$ 832,013	36,640,009	(41,858,257)	$ (4,386,235)
Ending balance (in shares) at Sep. 30, 2018	832,013,272			832,013,272
Beginning balance at Dec. 31, 2017	$ 698,526	27,586,227	(39,735,926)	$ (11,451,173)
Beginning balance (in shares) at Dec. 31, 2017	698,526,625
Common stock issued for services	$ 80,294	4,814,961		4,895,255
Common stock issued for services (in shares)	80,293,425
Stock Issued in Capital Raise	$ 19,325	946,925		966,250
Stock Issued in Capital Raise (in shares)	19,325,000
Value of warrants issued in conjunction with Bridge Note extensions		217,141		217,141
Net loss			(545,769)	(545,769)
Ending balance at Mar. 31, 2018	$ 778,820	32,618,329	(40,281,695)	(6,884,546)
Ending balance (in shares) at Mar. 31, 2018	778,820,050
Beginning balance at Sep. 30, 2018	$ 832,013	36,640,009	(41,858,257)	$ (4,386,235)
Beginning balance (in shares) at Sep. 30, 2018	832,013,272			832,013,272
Stock Based Compensation		802,103		$ 802,103
Common stock issued for warrants exercised	$ 238,095	9,761,905		10,000,000
Common stock issued for warrants exercised (in shares)	238,095,238
Stock Issued in Capital Raise	$ 19,325	946,925		966,250
Stock Issued in Capital Raise (in shares)	19,325,000
Value of warrants issued in conjunction with Bridge Note extensions		4,643,087		4,643,087
Net loss			(6,509,799)	(6,509,799)
Ending balance at Mar. 31, 2019	$ 1,089,433	52,794,029	(48,368,056)	$ 5,515,405
Ending balance (in shares) at Mar. 31, 2019	1,089,433,510			1,089,433,510
Beginning balance at Dec. 31, 2018	$ 851,338	37,979,934	(42,282,117)	$ (3,450,846)
Beginning balance (in shares) at Dec. 31, 2018	851,338,272
Stock Based Compensation		409,103		409,103
Common stock issued for warrants exercised	$ 238,095	9,761,905		10,000,000
Common stock issued for warrants exercised (in shares)	238,095,238
Value of warrants issued in conjunction with Bridge Note extensions		4,643,087		4,643,087
Net loss			(6,085,939)	(6,085,939)
Ending balance at Mar. 31, 2019	$ 1,089,433	$ 52,794,029	$ (48,368,056)	$ 5,515,405
Ending balance (in shares) at Mar. 31, 2019	1,089,433,510			1,089,433,510

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018	Sep. 30, 2017
OPERATING ACTIVITIES
Net Loss	$ (6,509,799)	$ (1,060,172)	$ (2,636,734)	$ (5,694,349)
Adjustments to Reconcile Net Loss to Cash Provided by (Used in) Operating Activities:
Impairment of Oil and Natural Gas Properties				3,316,212
Change in Allowance For Doubtful Accounts Receivable				(128,024)
Depreciation	2,590	2,976	4,723	20,804
Debt Discount Amortization	11,449	175,634	254,501	810,540
Loss on Debt Extinguishment	5,099,340	217,141	526,459	89,701
Bad debt expense	672,500
Stock Based Compensation	260,648	65,506	1,036,654	458,543
Stock Issued for Services		3,650	503,076
Change in fair value of Derivatives	16,992		136,827
Changes in Operating Assets and Liabilities:
(Increase) Decrease in Accounts Receivable	(4,108,013)	(218,664)	(6,286,796)	191,171
(Increase)/Decrease in Prepaid Expenses	64,741	65,968
(Increase) Decrease in Prepaid Expenses and other Current Assets			146,488	156,927
Increase (Decrease) in Deposits from Joint Interest Owners	(4,078,786)		4,078,786
Increase (Decrease) in Accounts Payable			5,914,705	(30,205)
Increase/(Decrease) in Accounts Payable and Stock Payable	3,384,095	1,496,334
Increase (Decrease) in Related Party Payable	29,758	11,830	7,928	32,626
Increase (Decrease) in Accrued Interest Payable	237,921	272,727	520,375	509,139
Increase (Decrease) in Accrued Liabilities and Other Payables			633,865
Increase (Decrease) in Other	19,553		44,723
Net Cash Provided by (Used in) Operating Activities	(4,897,011)	1,032,930	4,885,581	(266,915)
INVESTING ACTIVITIES
Investments in Oil and Gas Properties	(5,658,105)	(281,584)
Leases Purchased / Lease Rentals Paid			(280,268)	(284,089)
Proceeds From Sale of Working Interest		1,485,589	2,884,651	26,400
Capitalized Exploration and Wells In Process Costs			(1,904,618)	(175,931)
Deposits and Equipment Purchases			(22,050)
Net Cash Provided by (Used in) Investing Activities	(5,658,105)	1,204,005	677,715	(433,620)
FINANCING ACTIVITIES
Proceeds from Term Loan	10,000,000
Proceeds from Related Party Loans				652,500
Payments on Note Payable	(65,555)	(73,413)	(160,408)	(159,653)
Proceeds from Convertible Promissory Notes and Warrants		200,000	212,500	150,000
Net Cash Provided by (Used in) Financing Activities	9,934,445	126,587	52,092	642,847
Net Increase (Decrease) in Cash	(620,670)	2,363,522	5,615,388	(57,688)
Beginning Cash Balance	5,621,814	6,426	6,426	64,114
Ending Cash Balance	5,001,143	2,369,948	5,621,814	6,426
Supplemental Schedule of Cash Flow Activities
Cash Paid for Interest	2,870	3,036	5,636	4,448
Non-Cash Investing and Financing Activities
Prepaid Asset Financed Through Notes Payable	146,310	156,718	156,718	159,188
Accrued Liabilities, Convertible Notes and Accrued Interest Settled Through Issuance of Common Stock			1,896,999
Debt Issuance Costs in Accounts Payable	467,704
Capital Expenditures Included in Accounts Payable		16,260	1,223,792	49,177
Stock-Based Compensation Capitalized to Unproved Properties	541,905	27,875
Stock Issued for Consulting Services Capitalized to Unproved Properties		4,880,000
Loans Extinguished through Exercise of Warrants	10,000,000
Receivable from Sale of Working Interest		304,052
Wells In Process Included in Accounts Payable	2,579,486	127,415
Funds Received from Capital Raise Transferred to Equity	$ 965,800
Purchase of Developmental Capital Expenditures
Included in Accounts Payable		$ 16,260	1,223,792	49,177
Through Stock Based Compensation to Employees			820,877	$ 195,127
Through Issuance of Common Stock			$ 4,880,000

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	6 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND NATURE OF BUSINESS	NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS GulfSlope Energy, Inc. (the “Company,” “GulfSlope,” and words of similar import), a Delaware corporation, is an independent crude oil and natural gas exploration and production company whose interests are concentrated in the United States Gulf of Mexico (“GOM”) federal waters offshore Louisiana. The Company currently has under lease fourteen federal Outer Continental Shelf blocks (referred to as “prospect,” “portfolio” or “leases” in this Report). As of March 31, 2019, GulfSlope has no production or proved reserves.

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Accounting Policies [Abstract]
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES The condensed financial statements included herein are unaudited. However, these condensed financial statements include all adjustments (consisting of normal recurring adjustments), which, in the opinion of management are necessary for a fair presentation of financial position, results of operations and cash flows for the interim periods. The results of operations for interim periods are not necessarily indicative of the results to be expected for an entire year. The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the Company’s condensed financial statements and accompanying notes. Actual results could differ materially from those estimates. Certain information, accounting policies, and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted in this Form 10-Q pursuant to certain rules and regulations of the Securities and Exchange Commission (“SEC”). The condensed financial statements should be read in conjunction with the audited financial statements for the year ended September 30, 2018, which were included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2018, and filed with the Securities and Exchange Commission on December 31, 2018. Cash GulfSlope considers highly liquid investments with insignificant interest rate risk and original maturities to the Company of three months or less to be cash equivalents. There were no cash equivalents at March 31, 2019 and September 30, 2018. Liquidity/Going Concern The Company has incurred accumulated losses as of March 31, 2019, of $48.4 million. Further losses are anticipated in developing our business. As a result, there exists substantial doubt about our ability to continue as a going concern. As of March 31, 2019, we had $5.0 million of unrestricted cash on hand, $4.9 million of this amount is for the payment of joint payables from drilling operations. The Company estimates that it will need to raise a minimum of $5.0 million to meet its obligations and planned expenditures through May 2020. The Company plans to finance operations and planned expenditures through equity and/or debt financings and/or farm-out agreements. The Company also plans to extend the agreements associated with all loans, the accrued interest payable on these loans, as well as the Company’s accrued liabilities. There are no assurances that financing will be available with acceptable terms, if at all. If the Company is not successful in obtaining financing, operations would need to be curtailed or ceased or the Company would need to sell assets or consider alternative plans up to and including restructuring. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Full Cost Method The Company uses the full cost method of accounting for its oil and natural gas exploration and development activities as defined by the SEC. Under the full cost method of accounting, all costs associated with successful and unsuccessful exploration and development activities are capitalized on a country-by-country basis into a single cost center (“full cost pool”). Such costs include property acquisition costs, geological and geophysical (“G&G”) costs, carrying charges on non-producing properties, costs of drilling both productive and non-productive wells and overhead charges directly related to acquisition, exploration and development activities. Proceeds from property sales will generally be credited to the full cost pool, with no gain or loss recognized, unless such a sale would significantly alter the relationship between capitalized costs and the proved reserves attributable to these costs. A significant alteration would typically involve a sale of 25% or more of the proved reserves related to a single full cost pool. Proved properties are amortized on a country-by-country basis using the units of production method (“UOP”), whereby capitalized costs are amortized over total proved reserves. The amortization base in the UOP calculation includes the sum of proved property, net of accumulated depreciation, depletion and amortization (“DD&A”), estimated future development costs (future costs to access and develop proved reserves), and asset retirement costs, less related salvage value. The costs of unproved properties and related capitalized costs (such as G&G costs) are withheld from the amortization calculation until such time as they are either developed or abandoned. Unproved properties and properties under development are reviewed for impairment at least quarterly and are determined through an evaluation considering, among other factors, seismic data, requirements to relinquish acreage, drilling results, remaining time in the commitment period, remaining capital plan, and political, economic, and market conditions. In countries where proved reserves exist, exploratory drilling costs associated with dry holes are transferred to proved properties immediately upon determination that a well is dry and amortized accordingly. In countries where a reserve base has not yet been established, impairments are charged to earnings. Companies that use the full cost method of accounting for oil and natural gas exploration and development activities are required to perform a ceiling test calculation each quarter. The full cost ceiling test is an impairment test prescribed by SEC Regulation S-X Rule 4-10. The ceiling test is performed quarterly, on a country-by-country basis, utilizing the average of prices in effect on the first day of the month for the preceding twelve-month period. The cost center ceiling is defined as the sum of (a) estimated future net revenues, discounted at 10% per annum, from proved reserves, (b) the cost of properties not being amortized, if any, and (c) the lower of cost or market value of unproved properties included in the cost being amortized. If such capitalized costs exceed the ceiling, the Company will record a write-down to the extent of such excess as a non-cash charge to earnings. Any such write-down will reduce earnings in the period of occurrence and results in a lower depreciation, depletion and amortization rate in future periods. A write-down may not be reversed in future periods even though higher oil and natural gas prices may subsequently increase the ceiling. As of March 31, 2019, the Company’s oil and gas properties consisted of wells in process, and capitalized exploration and acquisition costs for unproved properties and no proved reserves. Basic and Dilutive Earnings Per Share Basic (loss) per share (“EPS”) is computed by dividing net income (loss) (the numerator) by the weighted average number of common shares outstanding for the period (denominator). Diluted EPS is computed by dividing net income (loss) by the weighted average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include stock options, warrants, and restricted stock. The number of potential common shares outstanding relating to stock options, warrants, and restricted stock is computed using the treasury stock method. As the Company has incurred losses for the three and six months ended March 31, 2019 and 2018, the potentially dilutive shares are anti-dilutive and are thus not added into the loss per share calculations. As of March 31, 2019 and 2018, there were 225,311,416 and 179,062,176 potentially dilutive shares, respectively. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In June 2018, the FASB issued ASU 2018-07, Compensation-Stock Compensation (Topic 718) In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) The Company has evaluated all other recent accounting pronouncements and believes that none of them will have a significant effect on the Company’s financial statements.	NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Organization GulfSlope Energy, Inc. (the “Company” or “GulfSlope”) is an independent oil and natural gas exploration company whose interests are concentrated in the United States Gulf of Mexico federal waters offshore Louisiana. The Company has leased 14 federal Outer Continental Shelf blocks (referred to as “prospect,” “portfolio” or “leases”) and licensed three-dimensional (3-D) seismic data in its area of concentration. (b) Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and the instructions to Form 10-K and Regulation S-X published by the US Securities and Exchange Commission (the “SEC”). The accompanying financial statements include the accounts of the Company. (c) Going Concern The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred net losses through September 30, 2018 of $41.9 million, has a lack of cash on-hand not from joint interest owners, and a working capital deficit. These factors raise substantial doubt as to the Company’s ability to continue as a going concern. Management intends to raise additional operating funds through equity and/or debt offerings. Management also plans to extend the agreements associated with loans from related parties, the accrued interest payable on these loans, as well as the Company’s accrued liabilities. However there can be no assurance that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may be required to curtail or cease operations or the Company would need to sell assets or consider alternative plans up to and including restructuring. (d) Cash The Company considers all short-term highly liquid investments with an original maturity at the date of purchase of three months or less to be cash equivalents. There were no cash equivalents at September 30, 2018 and 2017, respectively. (e) Accounts Receivable The Company records an accounts receivable for operations expense reimbursements due from joint interest partners. The Company estimates allowances for doubtful accounts based on the aged receivable balances and historical losses. If the Company determines any account to be uncollectible based on significant delinquency or other factors, it is immediately written off. As of September 30, 2018 and 2017, no allowance was recorded. Accounts receivable from joint operations are $6.7 million at September 30, 2018. (f) Full Cost Method The Company uses the full cost method of accounting for its oil and gas exploration and development activities. Under the full cost method of accounting, all costs associated with successful and unsuccessful exploration and development activities are capitalized on a country-by-country basis into a single cost center (“full cost pool”). Such costs include property acquisition costs, geological and geophysical (“G&G”) costs, carrying charges on non-producing properties, costs of drilling both productive and non-productive wells and overhead charges directly related to acquisition, exploration and development activities. Proceeds from property sales will generally be credited to the full cost pool, with no gain or loss recognized, unless such a sale would significantly alter the relationship between capitalized costs and the proved reserves attributable to these costs. A significant alteration would typically involve a sale of 25% or more of the proved reserves related to a single full cost pool. Proved properties are amortized on a country-by-country basis using the units of production method (“UOP”), whereby capitalized costs are amortized over total proved reserves. The amortization base in the UOP calculation includes the sum of proved property, net of accumulated depreciation, depletion and amortization (“DD&A”), estimated future development costs (future costs to access and develop proved reserves), and asset retirement costs, less related salvage value. The costs of unproved properties and related capitalized costs (such as G&G costs) are withheld from the amortization calculation until such time as they are either developed or abandoned. Unproved properties and properties under development are reviewed for impairment at least quarterly and are determined through an evaluation considering, among other factors, seismic data, requirements to relinquish acreage, drilling results, remaining time in the commitment period, remaining capital plan, and political, economic, and market conditions. In countries where proved reserves exist, exploratory drilling costs associated with dry holes are transferred to proved properties immediately upon determination that a well is dry and amortized accordingly. In countries where a reserve base has not yet been established, impairments are charged to earnings. Companies that use the full cost method of accounting for oil and natural gas exploration and development activities are required to perform a ceiling test calculation each quarter. The full cost ceiling test is an impairment test prescribed by SEC Regulation S-X Rule 4-10. The ceiling test is performed quarterly, on a country-by-country basis, utilizing the average of prices in effect on the first day of the month for the preceding twelve month period. The cost center ceiling is defined as the sum of (a) estimated future net revenues, discounted at 10% per annum, from proved reserves, (b) the cost of properties not being amortized, if any, and (c) the lower of cost or market value of unproved properties included in the cost being amortized. If such capitalized costs exceed the ceiling, the Company will record a write-down to the extent of such excess as a non-cash charge to earnings. Any such write-down will reduce earnings in the period of occurrence and results in a lower depreciation, depletion and amortization rate in future periods. A write-down may not be reversed in future periods even though higher oil and natural gas prices may subsequently increase the ceiling. As of September 30, 2018, the Company’s oil and gas properties consisted of unproved properties, wells in process and no proved reserves. (g) Property and Equipment Property and equipment are carried at cost and include expenditures for new equipment and those expenditures that substantially increase the productive lives of existing equipment and leasehold improvements. Maintenance and repair costs are expensed as incurred. Property and equipment are depreciated on a straight-line basis over the assets’ estimated useful lives. Fully depreciated property and equipment still in use are not eliminated from the accounts. The Company assesses the carrying value of its property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability is measured by comparing estimated undiscounted cash flows, expected to be generated from such assets, to their net book value. If net book value exceeds estimated cash flows, the asset is written down to its fair value, determined by the estimated discounted cash flows from such asset. When an asset is retired or sold, its cost and related accumulated depreciation and amortization are removed from the accounts. The difference between the net book value of the asset and proceeds on disposition is recorded as a gain or loss in our statements of operations in the period in which they occur. (h) Income Taxes Deferred tax assets and liabilities are recognized for the temporary differences between the financial reporting basis and tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. A valuation allowance is provided if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company’s policy is to recognize potential interest and penalties accrued related to unrecognized tax benefits as a component of income tax expense. (i) Stock-Based Compensation The Company records expenses associated with the fair value of stock-based compensation. For fully vested and restricted stock grants, the Company calculates the stock based compensation expense based upon estimated fair value on the date of grant. For stock warrants and options, the Company uses the Black-Scholes option valuation model to calculate stock based compensation at the date of grant. Option pricing models require the input of highly subjective assumptions, including the expected price volatility. Changes in these assumptions can materially affect the fair value estimate. (j) Stock Issuance The Company records the stock-based compensation awards issued to non-employees and other external entities for goods and services at either the fair market value of the goods received or services rendered or the instruments issued in exchange for such services, whichever is more readily determinable. (k) Earnings per Share Basic earnings per share (“EPS”) is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income (loss) by the weighted average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include stock options, warrants, convertible notes and restricted stock. The number of potential common shares outstanding relating to stock options, warrants, and restricted stock is computed using the treasury stock or if-converted method. As the Company has incurred losses for the years ended September 30, 2018 and 2017, the potentially dilutive shares are anti-dilutive and thus not added into the EPS calculations. As of September 30, 2018 and 2017, there were 213,089,281 and 164,345,443 potentially dilutive shares, respectively. (l) Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. (m) Impact of New Accounting Standards In May 2014, the FASB issued Accounting Standards Update No. 2014-09 (“ASU No. 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU replaces most existing revenue recognition guidance. ASU 2014-09 will be effective for us October 1, 2018. Once implemented, the Company can use one of two retrospective application methods for prior periods. The Company has completed its evaluation of the provisions of this standard and concluded that the adoption will not result in any adjustment to beginning accumulated deficit as the Company does not have any revenues. The Company will adopt this new standard effective October 1, 2018 using the modified retrospective method of adoption as permitted by the standard. The adoption of Topic 606 will have no material impact on our financial position, results of operations, stockholders’ equity, or cash flows, but will impact disclosures when the Company has revenue. On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) he new guidance establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. The new guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, and early application is permitted for all organizations. The Company has not yet selected the period during which it will implement this pronouncement, and it is currently evaluating the impact the adoption of ASU 2016-02 will have on its financial statements. The Jumpstart Our Business Startups Act, or JOBS Act, provides that an emerging growth company can take advantage of the extended transition period for complying with new or revised accounting standards. An emerging growth company can therefore delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. However, the Company has elected not to take advantage of such extended transition period, and as a result, will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies. The Company has evaluated all other recent accounting pronouncements and believes that none of them will have a significant effect on the Company’s financial statements.

LIQUIDITY_GOING CONCERN

LIQUIDITY/GOING CONCERN	12 Months Ended
	Sep. 30, 2018
Liquiditygoing Concern
LIQUIDITY/GOING CONCERN	NOTE 2 – LIQUIDITY/GOING CONCERN The Company has incurred accumulated losses as of September 30, 2018 of $41.9 million, and has a net capital deficiency. Further losses are anticipated in developing our business, and there exists substantial doubt about the Company’s ability to continue as a going concern. As of September 30, 2018, the Company had $5.6 million of unrestricted cash on hand, $4.5 million of this amount is for the payment of joint payables from drilling operations. The Company estimates that it will need to raise a minimum of $8 million to meet its obligations and planned expenditures through December 2019. The Company plans to finance the Company through equity and/or debt financings and/or farm-out agreements. The Company also plans to extend the agreements associated with all loans, the accrued interest payable on these loans, as well as the Company’s accrued liabilities. There are no assurances that financing will be available with acceptable terms, if at all. If the Company is not successful in obtaining financing, operations would need to be curtailed or ceased. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

OIL AND NATURAL GAS PROPERTIES

OIL AND NATURAL GAS PROPERTIES	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
OIL AND NATURAL GAS PROPERTIES	NOTE 3 – OIL AND NATURAL GAS PROPERTIES The Company currently has under lease fourteen federal Outer Continental Shelf blocks and has licensed 2.2 million acres of three-dimensional (3-D) seismic data in its area of concentration. The Company submitted the high bid in the Bureau of Ocean Energy Management (“BOEM”) Lease Sale 252 in March 2019, and is awaiting BOEM’s award of the lease. In January 2018, the Company entered into a strategic partnership with Delek GOM Investments, LLC. (“Delek”), and Texas South Energy, Inc. (“Texas South”) (collectively, the “Parties”) and executed a participation agreement (the “Agreement”) for a multi-phase exploration program. Under the terms of the Agreement, the Parties have committed to drill the Company’s “Canoe” and “Tau” prospects (the “Initial Phase”) with Delek having the option to participate in two additional two-well drilling phases and a final, three-well drilling phase (collectively, the “Phases”). In each Phase, Delek will earn a 75% working interest upon paying 90% of the exploratory costs associated with drilling each exploratory well. The Company will retain a 20% working interest while paying 8% of the exploratory costs associated with drilling each well. The Company will be required to fund 20% of well costs in excess of 115% of budget. In addition, Delek will pay the Company approximately $1.1 million in cash for each Prospect when the respective exploration plan is filed with BOEM for each phase. Also, each Party will be responsible for their pro rata share (based on working interest) of delay rentals associated with the Prospects. The Company will be the Operator during exploratory drilling of the Prospect, however, subsequent to a commercial discovery, Delek will have the right to become the Operator. Delek will have the right to terminate this Agreement at the conclusion of any drilling Phase. Delek will also have the option to purchase up to 5% of the Company’s common stock, par value $0.001 per share (the “Common Stock”), upon fulfilling its obligation for each Phase (maximum of 20% in the aggregate) at a price per share equal to a 10% discount to the 30-day weighted average closing price for the Common Stock preceding the acquisition. This option will expire January 8, 2020. On March 11, 2019, Delek notified the Issuer that it is exercising its right under the Agreement to enter into a stock purchase agreement for the purchase of up to 5% of the Issuer’s Common Stock, upon the fulfillment of certain milestones and obligations. The Company, as the operator of two wells drilled in the Gulf of Mexico, has incurred tangible and intangible drilling costs for the wells in process and has billed its working interest partners for their respective shares of the drilling costs to date. GulfSlope drilled the first well, Canoe, to a total depth of 5,765 feet (5,670 feet TVD). Multiple open hole plugs were set across several intervals and the well is equipped with a mud-line suspension system for possible future re-entry. Calibration of seismic amplitudes, petrophysical analysis, reservoir engineering and scoping of development is currently underway to determine the commerciality of these sands and that work is expected to be completed in the second calendar quarter of 2019. The second well, Tau, was spud in September 2018 and is expected to be completed in May 2019. In February 2019, the Tau well experienced an underground control of well event and as a result, the Company filed an insurance claim with its insurance underwriters. The Company estimates the total amount of the claim to be approximately $10 million for 100% working interest. As of March 31, 2019, the Company’s oil and natural gas properties consisted of unproved properties, wells in process and no proved reserves.	NOTE 3 – OIL AND NATURAL GAS PROPERTIES In January 2018, the Company entered into a strategic partnership with Delek Group Ltd. (“Delek”), and Texas South Energy, Inc. (“Texas South”) (collectively, the “Parties”) and executed a participation agreement for a multi-phase exploration program. Under the terms of the Agreement, the Parties have committed to drill the Company’s “Canoe” and “Tau” prospects (the “Initial Phase”) with Delek having the option to participate in two additional two-well drilling phases and a final, three-well drilling phase (collectively, the “Phases”). In each Phase, Delek will earn a 75% working interest upon paying 90% of the exploratory costs associated with drilling each exploratory well. The Company will retain a 20% working interest while paying 8% of the exploratory costs associated with drilling each well. The Company will be required to fund 20% of any well costs in excess of 115% of budget. In addition, Delek will pay the Company approximately $1.1 million in cash for each Prospect when the respective exploration plan is filed with BOEM. Also, each Party will be responsible for their pro rata share (based on working interest) of delay rentals associated with the Prospects. The Company will be the Operator during exploratory drilling of the Prospect, however, subsequent to a commercial discovery, Delek will have the right to become the Operator. Delek will have the right to terminate this Agreement at the conclusion of any drilling Phase. Delek will also have the option to purchase up to 5% of the Company’s common stock, par value $0.001 per share (the “Common Stock”), upon fulfilling its obligation for each Phase (maximum of 20% in the aggregate) at a price per share equal to a 10% discount to the 30-day weighted average closing price for the Common Stock preceding the acquisition. This option will expire January 8, 2020. The Company will assign an eight-tenths of one percent of eight/eights net profits interest in certain of the Company’s oil and gas leases to include Vermilion Area, South Addition 378, Ship Shoal Area, South Addition 336, and Ship Shoal Area, South Addition 351, to Hi-View Investment Partners, LLC (“Hi-View”) in consideration for oil and gas consulting services provided pursuant to a non-exclusive consulting engagement dated October 25, 2017, by and between Hi-View, the Company, and Texas South (the “Advisory Agreement”). Hi-View will be entitled to additional assignments on the same terms and conditions as described above related to any of the Leases whereby Delek elects to participate in drilling of an exploratory well. In addition, the Company issued an aggregate of eighty million shares of Common Stock to Hi-View in consideration for oil and gas consulting services provided in facilitating the Delek farm out agreement. The value of the shares of $4.8 million determined using the share price on March 29, 2018, the date the shares were owed to Hi-View per the agreement which was the date of the funding obligation of the first well, was capitalized to unproved properties. The Company, as the operator of two wells being drilled in the Gulf of Mexico, has incurred tangible and intangible drilling costs for the wells in process and has billed its working interest partners for their respective shares of the drilling costs to date. The first of the two wells has been drilled and is being evaluated. The second well was spud in September 2018 and is currently being drilled. The Company paid $376,368 in gross annual lease rental payments to the BOEM for the year ended September 30, 2017. The Company’s share of these amounts are included in unproved properties. In August 2017, the Company competitively bid on one block in the Central Gulf of Mexico Lease Sale 249 conducted by BOEM. The Company was the high bidder on the block and paid $26,398, which represents 20% of the total lease bonus amount. On September he Company’s bid was accepted. After payment in October 2017 of $140,591, which represents the remaining 80% lease bonus and first year rentals, the Company was awarded the lease block in October 2017. In August 2017, the Company entered into a letter agreement with Texas South that sets out the terms of an agreement for the Company’s Tau prospect. In exchange for $166,989, Texas South acquired an undivided 20% interest in the prospect. In accordance with full cost requirements, the Company recorded the proceeds from the transaction as an adjustment to the capitalized costs of its oil and gas properties with no gain or loss recognition. In October 2017, the Company executed the second amendment to the March 2014 farm-out agreement with Texas South under which Texas South acquired 20% of Gulfslope’s interest in two prospects for $329,062. On January 1, 2018, the Company executed the third amendment to the March 2014 farm-out agreement with Texas South under which Texas South acquired 20% of GulfSlope’s interest in two prospects for $225,000. For the year ended September 30, 2017, the Company incurred $172,094 in consulting fees, salaries and benefits, $195,127 in stock option costs associated with geoscientists, and $53,014 associated with technological infrastructure and third party hosting services. As these G&G costs relate to specific company-owned unevaluated properties, the Company capitalized these G&G costs to unproved properties. For the year ended September 30, 2018, the Company incurred $229,267 in consulting fees, salaries and benefits associated with geoscientists, $820,877 in stock option costs associated with geoscientists and engineers, $53,934 associated with technological infrastructure and third party hosting, and $138,729 in capitalized acquisition costs. The Company capitalized these G&G costs to unproved properties.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4 – PROPERTY AND EQUIPMENT Property and equipment consist of the following as of September 30, 2018 and 2017: 2018 2017 Office equipment and computers $ 133,089 $ 143,897 Furniture and fixtures 16,280 16,280 Leasehold improvements 5,756 4,054 Total 155,125 164,231 Less: accumulated depreciation (140,339 ) (160,747 ) Net property and equipment $ 14,786 $ 3,484 Depreciation is computed on a straight-line basis over the estimated useful lives of the assets, which were as follows: Life Office equipment and computers 3 years Furniture and fixtures 5 years Leasehold improvements Shorter of 5 years or related lease term Depreciation expense was $4,724 and $20,804 for the years ended September 30, 2018 and 2017, respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 5 – INCOME TAXES The provision for income taxes consists of the following as of September 30, 2018 and 2017: 9/30/2018 9/30/2017 FEDERAL Current $ — $ — Deferred — — STATE Current — — Deferred — — TOTAL PROVISION $ — $ — The difference between the actual income tax provision versus tax computed at the statutory rate is as follows for the years ended September 30, 2018 and 2017, respectively: 9/30/2018 9/30/2017 Expected provision (based on statutory rate of 21% in 2018 and 15% in 2017) $ (553,714 ) $ (854,152 ) Effect of: Increase in valuation allowance 2,696,631 732,562 Non-deductible expense 53,493 121,590 Rate change (2,305,270 ) — Other, net 108,860 — Total actual provision $ — $ — On December 22, 2017, the President of the United States (“the President”) signed into law the tax bill commonly referred to as the “Tax Cuts and Job Act” (“TCJA”), significantly changing federal income tax laws. According to ASC section 740, “Income Taxes,” a company is required to record the effects of an enacted tax law or rate change in the period of enactment, which is the date the bill is signed by the President and becomes law. The Company does not have any material uncertain tax positions. The Company’s policy is to recognize interest and penalties accrued related to unrecognized tax benefits as a component of income tax expense (benefit). For the years ended September 30, 2018 and 2017, the Company did not recognize any interest or penalties, nor did we have any interest or penalties accrued as of September 30, 2018 and 2017 relating to unrecognized benefits. Deferred income tax assets and liabilities at September 30, 2018 and 2017 consist of the following: 9/30/2018 9/30/2017 DEFERRED TAX ASSETS (LIABILITIES) Net operating losses $ 7,131,636 $ 5,611,276 Exploration costs (1,503,472 ) (931,289 ) Oil and natural gas leases 2,192,654 691,336 Stock based compensation 411,287 138,278 Accrued interest and expenses not paid 271,190 246,360 Derivative financial instrument (57,059 ) — Differences in book/tax depreciation 13,573 7,215 Net deferred tax asset $ 8,459,809 $ 5,763,176 Valuation allowance (8,459,809 ) (5,763,176 ) NET DEFERRED TAXES $ — $ — The Company’s valuation allowance increased $2,696,633 during the year ended September 30, 2018 and $732,562 during the year ended September 30, 2017. At September 30, 2018, the Company had approximately $34.0 million of NOLs, 95% of which will expire from 2032 to 2037. All of the Company’s NOLs are allowable as a deduction against 100 percent of future taxable income since they were generated prior to the effective date of limitations imposed by the TCJA. The tax years ended September 30, 2015 through 2018 are open for examination for federal income tax purposes and by other major taxing jurisdictions to which we are subject.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS During April 2013 through September 2017, the Company entered into convertible promissory notes whereby it borrowed a total of $8,675,500 from John Seitz, its current chief executive officer. The notes are due on demand, bear interest at the rate of 5% per annum, and $5,300,000 of the notes are convertible into shares of common stock at a conversion price equal to $0.12 per share of common stock (the then offering price of shares of common stock to unaffiliated investors). As of March 31, 2019, the total amount owed to John Seitz, our CEO, is $8,675,500. There was a total of $1,860,383 of unpaid interest associated with these loans included in accrued interest within the balance sheet as of March 31, 2019. On November 15, 2016, a family member of the CEO, a related party, entered into a $50,000 convertible promissory note with associated warrants (“Bridge Financing”) under the same terms received by other investors (see Note 5). Domenica Seitz CPA, related to John Seitz, has provided accounting consulting services to the Company. During the three and six month period ended March 31, 2019, the services provided were valued at $14,880 and $29,760, respectively. The Company has accrued these amounts, and they have been reflected in related party payable in the March 31, 2019 financial statements. John Seitz has not received a salary since May 31, 2013, the date he commenced serving as our CEO and accordingly, no amount has been accrued in the accompanying condensed financial statements.	NOTE 6 – RELATED PARTY TRANSACTIONS During April through September 2013, the Company entered into convertible promissory notes whereby it borrowed a total of $6,500,000 from John Seitz, its current chief executive officer. The notes are due on demand, bear interest at the rate of 5% per annum, and are convertible into shares of common stock at a conversion price equal to $0.12 per share of common stock (the then offering price of shares of common stock to unaffiliated investors). In May 2013, John Seitz converted $1,200,000 of the aforementioned debt into 10,000,000 shares of common stock, which shares were issued in July 2013. Between June of 2014 and December 2015, the Company entered into promissory notes whereby it borrowed a total of $2,410,000 from Mr. Seitz. The notes are not convertible, due on demand and bear interest at a rate of 5% per annum. During January through September 2016, the Company entered into promissory notes whereby it borrowed a total of $363,000 from Mr. Seitz. The notes are due on demand, bear interest at the rate of 5% per annum, and the outstanding principal and interest is convertible at the option of the holder into securities issued by the Company in a future offering, at the same price and terms received by unaffiliated investors. Additionally, during the year ended September 30, 2017, the Company entered into promissory notes with John Seitz whereby it borrowed a total of $602,500. The notes are due on demand, bear interest at the rate of 5% per annum, and the outstanding principal and interest is convertible at the option of the holder into securities issued by the Company in a future offering, at the same price and terms received by unaffiliated investors. As of September 30, 2018 and September 30, 2017 the total amount owed to John Seitz, our CEO, is $8,675,500. There was a total of $1,641,086 and $1,201,286 of unpaid interest associated with these loans included in accrued interest within our balance sheet as of September 30, 2018 and 2017, respectively. From August 2015 through February 2016 the Company entered into promissory notes whereby it borrowed a total of $267,000 from Dr. Ronald Bain, its former president and chief operating officer, and his affiliate ConRon Consulting, Inc. These notes are not convertible, due on demand and bear interest at the rate of 5% per annum. As of September 30, 2018, the total amount owed to Dr. Bain and his affiliate was $267,000. There was a total of $42,706 and $27,171 of accrued interest associated with these loans included within our balance sheet as of September 30, 2018 and 2017, respectively. In June of 2016, Dr. Ronald Bain also entered into a $92,000 convertible promissory note with associated warrants under the same terms received by other investors (see Note 7). On November 15, 2016, a family member of the CEO, a related party, entered into a $50,000 convertible promissory note with associated warrants under the same terms received by other investors (see Note 7). Domenica Seitz CPA, related to John Seitz, has provided accounting consulting services to the Company. During the years ended September 30, 2018 and 2017, the services provided were valued at $23,660 and $32,625, respectively. The Company has accrued these amounts within accrued expenses and other payables, and they have been reflected in the September 30, 2018 and 2017 financial statements. John Seitz has not received a salary since May 31, 2013, the date he commenced serving as our CEO and accordingly, no amount has been accrued on our financial statements.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 5 – NOTES PAYABLE Between June and November 2016, the Company issued eleven convertible promissory notes (“Bridge Financing Notes”) with associated warrants in a private placement to accredited investors for total gross proceeds of $837,000. Three of the notes were to related parties for proceeds totaling $222,000, including the extinguishment of $70,000 worth of related party payables. The convertible notes had a maturity of one year (prior to extension), bear an annual interest rate of 8% and can be converted at the option of the holder at a conversion price of $0.025 per share. In addition, the convertible notes will automatically convert if a qualified equity financing of at least $3 million occurs before maturity and such mandatory conversion price will equal the effective price per share paid in the qualified equity financing. In addition to the convertible notes, the investors received approximately 27.9 million warrants, with an exercise price of $0.03 and a term of the earlier of three years or upon a change of control. Upon maturity of the eleven promissory notes during 2017, the Company issued approximately 7 million extension warrants with an exercise price of $0.03 per share (equal to 25% of the original warrant amount) to the holders of the notes to extend the terms to January 15, 2018. Upon revised maturity of the eleven promissory notes on January 15, 2018, the Company issued approximately 2.8 million extension warrants with an exercise price of $0.10 per share (equal to 10% of the original warrant amount) to the holders of the notes to extend the term to April 16, 2018. In June 2018, the maturity date of all of the notes was extended to January 15, 2019. Six of the Bridge Financing Notes with a principal balance of $560,000 plus accrued interest of approximately $87,000 were converted during the year ended September 30, 2018. The remaining note balance at March 31, 2019 is $277,000. Accrued interest for the quarter ended March 31, 2019, was approximately $6,000 and cumulative accrued interest was approximately $60,000. The Company is working on the extension of the remaining notes. On March 1, 2019, the Company entered into a Term Loan Agreement by and among the Company, as borrower, and Delek, as lender. In the Term Loan Agreement, Delek agreed to provide the Company with multiple draw term loans in an aggregate stated principal amount of up to $11.0 million (the “Term Loan Facility” and the loans thereunder, the “Loans”). The maturity date of the Term Loan Facility is six months following the closing date of the Term Loan Agreement. Until such maturity date, the Loans under the Term Loan Agreement shall bear interest at a rate per annum equal to 5.0%, payable in arrears on the maturity date. If an event of default occurs, all Loans under the Term Loan Agreement shall bear interest at a rate equal to 7.0%, payable on demand. In connection with the Term Loan Agreement, the Company entered into: (i) a Subordination Agreement (the “Subordination Agreement”) by and among the Company, as borrower, John N. Seitz, as subordinated lender (the “Subordinated Lender”), and Delek, as senior lender; (ii) a Security Agreement (the “Security Agreement”) among the Company, as debtor, and Delek, as lender; and (iii) warrants to purchase 238,095,238 shares of Common Stock, at an exercise price of $0.042 per share issued to Delek GOM (the “Warrants”). The Company may elect, at its option, to prepay borrowings outstanding under the Term Loan Agreement in multiples of $100,000 and not less than $500,000 without premium or penalty. The Company is required to prepay the Loans with any net cash proceeds resulting from an asset sale, receipt of insurance proceeds from certain casualty events, proceeds from equity issuances or incurrence of indebtedness other than the Loans (subject to a $500,000 carve-out to be applied toward the Company’s general corporate purposes) or receipt of any cash proceeds from any payments, refunds, rebates or other similar payments and amounts under the Company’s operative documents. Amounts outstanding under the Term Loan Agreement are secured by a security interest in substantially all of the properties and assets of the Company. As of March 6, 2019, the Company had borrowed a total of $10.0 million under the Term Loan Facility and issued to Delek GOM warrants to purchase 238,095,238 shares of Common Stock; and Delek GOM fully exercised the warrants through a Loan Reduction Exercise, thereby extinguishing the Company’s outstanding obligations to Delek GOM as of that date. Upon receiving the proceeds in two tranches, the Company allocated the proceeds between debt and warrants on a relative fair value basis, recording a debt discount of approximately $5.1 million. The exercise of the warrants through the extinguishment of the loan was accounted for as a standard warrant exercise and an extinguishment of debt including a recognition of a loss in the amount of the debt discount of approximately $5.1 million.	NOTE 7 – NOTES PAYABLE Between June and November 2016, the Company issued eleven convertible promissory notes (“Bridge Financing Notes”) with associated warrants in a private placement to accredited investors for total gross proceeds of $837,000. Three of the notes were to related parties for proceeds totaling $222,000, including the extinguishment of $70,000 worth of related party payables. The convertible notes had a maturity of one year (prior to extension), bear an annual interest rate of 8% and can be converted at the option of the holder at a conversion price of $0.025 per share. In addition, the convertible notes will automatically convert if a qualified equity financing of at least $3 million occurs before maturity and such mandatory conversion price will equal the effective price per share paid in the qualified equity financing. In addition to the convertible notes, the investors received 27.9 million warrants (7.4 million to the above mentioned related parties) with an exercise price of $0.03 and a term of the earlier of three years or upon a change of control. The Company evaluated the various financial instruments under ASC 480 and ASC 815 and determined no instruments or features represented embedded derivatives. Therefore, in accordance with ASC 470-20-25-2, the Company allocated the proceeds between the convertible notes and warrants based on their relative fair values. This resulted in an allocation of approximately $452,000 to the warrants and approximately $385,000 to the convertible notes. After such allocation, the Company evaluated the conversion option to discern whether a beneficial conversion feature existed based upon comparing the effective exercise price of the convertible notes to the fair value of the shares they are convertible into. The Company concluded a beneficial conversion feature existed and measured such beneficial conversion feature at approximately $385,000. Accordingly, the debt discount associated with these notes was approximately $837,000. Such discount was amortized using the effective interest rate method over the term (one year) of the convertible notes. Upon maturity of eight of the eleven promissory notes in June 2017, the Company issued 3,225,000 extension warrants with an exercise price of $0.03 per share (equal to 25% of the original warrant amount) to the holders of the notes to extend the terms to January 15, 2018. The Company evaluated this modification including considering the fair value of the warrants issued and concluded that extinguishment accounting was required as the present value of future cash flows from the new note, including the fair value of the warrants issued to extend, exceeded the present value of future cash flows of the old note by more than 10%. The fair value of the warrants was deemed to be approximately $51,000 and such amount was recognized immediately as a loss on extinguishment of debt. The fair value of the warrants was determined using the Black-Scholes option pricing model. In July and August 2017, the three remaining promissory notes issued in July, August and November 2016 were extended until January 15, 2018 and issued 3,750,000 extension warrants (equal to 25% of the original warrant amount). The Company evaluated this transaction including considering the fair value of the warrants issued and concluded that modification accounting was required as the present value of future cash flows from the new note, including the fair value of the warrants issued to extend, was less than 10% of the present value of future cash flows of the old note. When an instrument is modified, any incremental increase in value (in this case the warrants) should be added to the discount of the notes and such discount should be amortized to interest expense using the effective interest rate method over the new remaining life of the note. The fair value of the warrants, approximately $39,000, was determined using the Black-Scholes option pricing model. Upon revised maturity of the eleven promissory notes on January 15, 2018, the Company issued 2,790,000 extension warrants with an exercise price of $0.10 per share (equal to 10% of the original warrant amount) to the holders of the notes to extend the term to April 16, 2018. The Company evaluated this transaction including considering the fair value of the warrants issued and concluded that extinguishment accounting was required as the present value of future cash flows from the new note, including the fair value of the warrants issued to extend, exceeded the present value of future cash flows of the old note by more than 10%. The fair value of the warrants was deemed to be approximately $217,000 and such amount was recognized immediately as a loss on extinguishment of debt. The fair value of the warrants was determined using the Black-Scholes option pricing model. In June 2018, the maturity date of all of the notes was extended to January 15, 2019. For the year ended September 30, 2018, the amortization of the discounts associated with the Bridge Financing Notes was approximately $30,000. Six of the Bridge Financing Notes with a principal balance of $560,000 plus accrued interest of $86,525 were converted during the year ended September 30, 2018. The remaining note balance at September 30, 2018 is $277,000. See Note 9 for a summary of the warrants outstanding relating to the Bridge Financing Notes. On December 28, 2016, the Company issued a convertible promissory note (together with the convertible promissory notes issued below, the “Financing Notes”) with 500,000 shares of restricted stock and 550,000 warrants in a private placement to an accredited investor for $50,000 in proceeds. The warrants have a five year term and an exercise price of $0.10. The promissory note has a face value of approximately $56,000, which includes 10% original issue discount (“OID”) and incurs a one-time upfront interest charge of six percent. The holder of the note has the option to convert the note into shares of common stock at a conversion price of $0.02 per share. Approximately $450,000 of additional funding is available under similar terms if the Company and the lender mutually agree to further tranches. The Company evaluated the various financial instruments under ASC 480 and ASC 815 and determined no material instruments or features represented embedded derivatives. Therefore, in accordance with ASC 470-20-25-2, the Company allocated the proceeds between the convertible note, restricted common stock, and warrants based on their relative fair values. This resulted in an allocation of approximately $8,000 to the restricted stock, approximately $8,000 to the warrants and approximately $34,000 to the convertible note. After such allocation, the Company evaluated the conversion option to discern whether a beneficial conversion feature existed based upon comparing the effective exercise price of the convertible note to the fair value of the shares it is convertible into. The Company concluded a beneficial conversion feature existed and measured such beneficial conversion feature at approximately $34,000. Accordingly, at December 28, 2016, the debt discount associated with these notes was approximately $56,000. Such discount was amortized using the effective interest rate method over the term (seven months) of the convertible note. For the year ended September 30, 2017 amortization of this discount totaled $56,000 and is included in interest expense in the statement of operations. The note, related OID and accrued interest were converted into approximately 5.5 million shares of GulfSlope Energy common stock in a series of conversions beginning on July 10, 2017 and ending with a conversion on September 18, 2017 on which date all were paid in full. On March 14, 2017, the Company issued a convertible promissory note with 1,000,000 shares of restricted stock and 1,100,000 warrants in a private placement to an accredited investor for $100,000 in proceeds. The warrants have a five-year term and an exercise price of $0.10. The promissory note has a face value of approximately $111,000, which includes 10% original issue discount (“OID”), and incurs a one-time upfront interest charge of six percent. The holder of the note has the option to convert the note into shares of common stock at a conversion price of $0.02 per share. Approximately $350,000 of additional funding is available under similar terms if the Company and the lender mutually agree to further tranches. The Company evaluated the various financial instruments under ASC 480 and ASC 815 and determined no material instruments or features represented embedded derivatives. Therefore, in accordance with ASC 470-20-25-2, the Company allocated the proceeds between the convertible note, restricted common stock, and warrants based on their relative fair values. This resulted in an allocation of approximately $17,000 to the restricted stock, approximately $14,000 to the warrants and approximately $69,000 to the convertible note. After such allocation, the Company evaluated the conversion option to discern whether a beneficial conversion feature existed based upon comparing the effective exercise price of the convertible note to the fair value of the shares it is convertible into. The Company concluded a beneficial conversion feature existed and measured such beneficial conversion feature at approximately $69,000. Accordingly, at March 14, 2017, the debt discount associated with these notes was approximately $111,000. Such discount will be amortized using the effective interest rate method over the term (seven months) of the convertible note. For the year ended September 30, 2017 amortization of this discount totaled approximately $106,000 and is included in interest expense in the statement of operations. In September 2017, $30,000 was converted into 1.5 million shares of stock, leaving a note balance of $81,111 at September 30, 2017. The remaining balance and accrued interest were converted in October 2017 at which time all was paid in full. On October 16, 2017, the Company issued a convertible promissory note with 1,000,000 shares of restricted stock and 1,100,000 warrants in a private placement to an accredited investor for $100,000 in proceeds. The warrants have a five-year term and an exercise price of $0.10. The promissory note has a face value of $110,000, which includes 10% original issue discount (“OID”), and incurs a one-time upfront interest charge of six percent. The holder of the note has the option to convert the note into shares of common stock at a conversion price of $0.02 per share. Approximately $250,000 of additional funding is available under similar terms if the Company and the lender mutually agree to further tranches. The Company evaluated the various financial instruments under ASC 480 and ASC 815 and determined no material instruments or features represented embedded derivatives. Therefore, in accordance with ASC 470-20-25-2, the Company allocated the proceeds between the convertible note, restricted common stock, and warrants based on their relative fair values. This resulted in an allocation of approximately $21,000 to the restricted stock, approximately $20,000 to the warrants and approximately $59,000 to the convertible note. After such allocation, the Company evaluated the conversion option to discern whether a beneficial conversion feature existed based upon comparing the effective exercise price of the convertible note to the fair value of the shares it is convertible into. The Company concluded a beneficial conversion feature existed and measured such beneficial conversion feature at approximately $59,000. Accordingly, at October 16, 2017, the debt discount associated with these notes was $110,000. Such discount was amortized using the effective interest rate method over the term (seven months) of the convertible note. In April 2018 the note and accrued interest was converted into 5.8 million shares of common stock and paid in full. On December 15, 2017, the Company issued a convertible promissory note with 1,000,000 shares of restricted stock and 1,100,000 warrants in a private placement to an accredited investor for $100,000 in proceeds. The warrants have a five-year term and an exercise price of $0.10. The promissory note has a face value of $110,000, which includes 10% original issue discount (“OID”), and incurs a one-time upfront interest charge of six percent. The holder of the note has the option to convert the note into shares of common stock at a conversion price of $0.02 per share. Approximately $150,000 of additional funding is available under similar terms if the Company and the lender mutually agree to further tranches. The Company evaluated the various financial instruments under ASC 480 and ASC 815 and determined no material instruments or features represented embedded derivatives. Therefore, in accordance with ASC 470-20-25-2, the Company allocated the proceeds between the convertible note, restricted common stock, and warrants based on their relative fair values. This resulted in an allocation of approximately $28,000 to the restricted stock, approximately $27,000 to the warrants and approximately $45,000 to the convertible note. After such allocation, the Company evaluated the conversion option to discern whether a beneficial conversion feature existed based upon comparing the effective exercise price of the convertible note to the fair value of the shares it is convertible into. The Company concluded a beneficial conversion feature existed and measured such beneficial conversion feature at approximately $45,000. Accordingly, at December 15, 2017, the debt discount associated with these notes was $110,000. Such discount was amortized using the effective interest rate method over the term (seven months) of the convertible note. In June 2018 the note and accrued interest was converted into 5.8 million shares of common stock and paid in full. See Note 9 for a summary of the warrants outstanding relating to the Financing Notes.

Fair Value Measurement

Fair Value Measurement	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurement	NOTE 6 – FAIR VALUE MEASUREMENT Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are classified and disclosed in one of the following categories: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. GulfSlope considers active markets as those in which transactions for the assets or liabilities occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. This category includes those derivative instruments that GulfSlope values using observable market data. Substantially all of these inputs are observable in the marketplace throughout the term of the derivative instrument, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category include non-exchange traded derivative financial instruments as well as warrants to purchase common stock and long-term incentive plan liabilities calculated using the Black-Scholes model to estimate the fair value as of the measurement date. Level 3: Measured based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable from objective sources (i.e. supported by little or no market activity). As required by ASC 820-10, financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. Fair Value on a Recurring Basis The following table sets forth by level within the fair value hierarchy the Company’s derivative financial instruments that were accounted for at fair value on a recurring basis as of March 31, 2019: Description Quoted Prices in ActiveMarkets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Total Carrying Derivative Financial Instrument at September 30, 2018 — (271,710 ) — (271,710 ) Changes in Fair Value at December 31, 2018 — (196,266 ) — (196,266 ) Changes in Fair Value at March 31, 2019 179,274 179,274 Derivative Financial Instrument at March 31, 2019 — (288,702 ) — (288,702 ) During the quarter ended March 31, 2019, the Company issued warrants and stock options measured at fair value on a non-recurring basis.	NOTE 8 – Fair Value Measurement Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are classified and disclosed in one of the following categories: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. GulfSlope considers active markets as those in which transactions for the assets or liabilities occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. This category includes those derivative instruments that GulfSlope values using observable market data. Substantially all of these inputs are observable in the marketplace throughout the term of the derivative instrument, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category include non-exchange traded derivative financial instruments as well as long-term incentive plan liabilities calculated using the Black-Scholes model to estimate the fair value as of the measurement date. Level 3: Measured based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable from objective sources (i.e. supported by little or no market activity). Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. Fair Value on a Recurring Basis The following table sets forth by level within the fair value hierarchy GulfSlope Energy, Inc.’s liabilities that were accounted for at fair value on a recurring basis as of September 30, 2018 (no financial assets or liabilities were accounted for at fair value on a recurring basis as of September 30, 2017): Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Carrying Description (Level 1) (Level 2) (Level 3) Value as of (In thousands) Derivative Financial Instrument $ — $ (271,710 ) $ — $ (271,710 ) Total as of Total as of September 30, 2018 $ — $ (271,710 ) $ — $ (271,710 ) During the years ended September 30, 2018 and 2017, the Company did not have any assets or liabilities measured at fair value on a non-recurring basis.

COMMON STOCK_PAID IN CAPITAL

COMMON STOCK/PAID IN CAPITAL	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Stockholders' Equity Note [Abstract]
COMMON STOCK/PAID IN CAPITAL	NOTE 7 – COMMON STOCK/PAID IN CAPITAL As discussed in Note 5, between June and November 2016, the Company issued 27.9 million warrants in conjunction with convertible notes payable. The warrants have an exercise price of $0.03 and a term of the earlier of three years or upon a change of control. Based upon the allocation of proceeds between the convertible notes payable and the warrants, approximately $452,422 was allocated to the warrants. During June through August 2017, the maturity date of all of the Bridge Financing Notes was extended to January 15, 2018, in exchange for the issuance of 25% additional warrants. The warrants have an exercise price of $0.03 and the same expiration date (three years from original transaction) as the original warrants. On January 15, 2018, the maturity date of the Bridge Financing Notes was extended to April 16, 2018, in exchange for the issuance of 10% additional warrants (see Note 5 for status of notes). The warrants have an exercise price of $0.10 per share and the same expiration date (three years from original transaction) as the original warrants. Through March 31, 2019, approximately 471,000 warrants have been exercised. The fair value of the warrants were determined using the Black Scholes valuation model with the following key assumptions: Warrants Issue Date June 2016 July 2016 August 2016 November 2016 June 2017 July 2017 August 2017 January 2018 Warrants Outstanding 12.6 10.0 3.3 1.7 3.1 2.5 1.25 2.8 Stock Price (1) $ 0.054 $ 0.040 $ 0.032 $ 0.029 $ 0.025 $ 0.019 $ 0.016 $ 0.11 Exercise Price $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.10 Term (2) 3 years 3 years 3 years 3 years 2 years 2 years 2 years 1.5 years Risk Free Rate .87 % .80 % .88 % 1.28 % 1.35 % 1.35 % 1.33 % 1.89 % Volatility 135 % 138 % 137 % 131 % 135 % 136 % 135 % 163 % (1) Fair market value on the date of agreement. (2) Average term. Below is a summary of warrants issued in conjunction with convertible notes which were paid in full as of September 30, 2018. The warrants are outstanding at March 31, 2019. Warrants Outstanding Warrants Exercisable Exercise Price Number Outstanding Remaining Contractual Life (Yrs) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 0.10 550,000 2.75 $ 0.10 550,000 $ 0.10 $ 0.10 1,100,000 2.96 $ 0.10 1,100,000 $ 0.10 $ 0.10 1,100,000 3.55 $ 0.10 1,100,000 $ 0.10 $ 0.10 1,100,000 3.71 $ 0.10 1,100,000 $ 0.10 During the six months ended March 31, 2019, the Company issued approximately 19.3 million shares of common stock and approximately 9.7 million warrants to accredited investors in a private placement. The funds were received in the prior fiscal year and moved to equity during the quarter ended December 31, 2018. Based upon the allocation of proceeds between the common stock and the warrants, approximately $259,000 was allocated to the warrants. The fair value of the warrants were determined using the Black Scholes valuation model with the following key assumptions: December 2018 Number of Warrants Issued 9,662,500 Stock Price $ 0.044 Exercise Price $ 0.09 Term 3 years Risk Free Rate 2.46 % Volatility 149 % As discussed in Note 5, as of March 6, 2019, the Company had borrowed a total of $10.0 million under a Term Loan Facility and issued to Delek GOM warrants to purchase approximately 238 million shares of common Stock; and Delek GOM fully exercised the warrants through a Loan Reduction Exercise and was issued approximately 238 million shares of common stock. Upon receiving the proceeds in two tranches, the Company allocated the proceeds between debt and warrants on a relative fair value basis, recording a debt discount of approximately $5.1 million. The exercise of the warrants through the extinguishment of the loan was accounted for as a standard warrant exercise and an extinguishment of debt including a recognition of a loss in the amount of the debt discount of approximately $5.1 million.	NOTE 9 - COMMON STOCK/PAID IN CAPITAL At our annual shareholder meeting in May of 2018 our shareholders approved increasing the number of authorized shares of common stock from 975,000,000 to 1,500,000,000. The number of authorized shares of preferred stock was not changed and is 50,000,000. As discussed in Note 7, during the year ended September 30, 2016, the Company issued 26.2 million warrants in conjunction with the Bridge Financing Notes. The warrants have an exercise price of $0.03 and a term of the earlier of 3 years or upon a change of control. In November 2016, the Company issued 1.7 million warrants in conjunction with the Bridge Financing Notes. The warrants have an exercise price of $0.03 and a term of the earlier of 3 years or upon a change of control. In June through August 2017, the maturity date of all of the Bridge Financing Notes was extended to January 15, 2018 in exchange for the issuance of 25% additional warrants. The warrants have an exercise price of $0.03 and the same expiration date (three years from original transaction) as the original warrants. In January 2018, the maturity date of all of the Bridge Financing Notes was extended to April 16, 2018 in exchange for the issuance of 10% additional warrants. The warrants have an exercise price of $0.10 and the same expiration date (three years from original transaction) as the original warrants. In June 2018, a majority of the Bridge Note holders extended their notes to January 15, 2019, thus extending all the remaining Bridge Notes to this date. The fair value of the warrants were determined using the Black Scholes valuation model with the following key assumptions: The fair value of the warrants were determined using the Black Scholes valuation model with the following key assumptions: June 2016 July 2016 August 2016 November 2016 June 2017 July 2017 August 2017 January 2018 Warrants Issued 12.9 million 10.0 million 3.3 million 1.7 million 3.2 million 2.5 million 1.25 million 2.8 Million Stock Price: $ 0.054 (1) $ 0.040 (1) $ 0.032 (1) $ 0.029 (1) $ 0.025 (1) $ 0.019 (1) $ 0.016 (1) $ 0.11 (1) Exercise Price $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.10 Term 3 years 3 years 3 years 3 years 2 years 2 years 2 years 1.5 years Risk Free Rate .87 % .80 % .88 % 1.28 % 1.35 % 1.35 % 1.33 % 1.89% Volatility 135 % 138 % 137 % 131 % 135 % 136 % 135 % 163% (1) Fair market value on the date of agreement. A summary of warrants, issued in conjunction with the Bridge Financing Notes and outstanding at September 30, 2018: Warrants Outstanding Warrants Exercisable Date Issued Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Yrs) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price June 2016 $ 0.03 12,566,667 .69 $ 0.03 12,566,667 $ 0.03 July 2016 $ 0.03 10,000,000 .79 $ 0.03 10,000,000 $ 0.03 August 2016 $ 0.03 3,333,333 .88 $ 0.03 3,333,333 $ 0.03 November 2016 $ 0.03 1,666,667 1.13 $ 0.03 1,666,667 $ 0.03 June 2017 $ 0.03 3,141,667 .69 $ 0.03 3,141,667 $ 0.03 July 2017 $ 0.03 2,500,000 .79 $ 0.03 2,500,000 $ 0.03 August 2017 $ 0.03 833,333 .88 $ 0.03 833,333 $ 0.03 August 2017 $ 0.03 416,667 1.13 $ 0.03 416,667 $ 0.03 January 2018 $ 0.10 2,790,000 .78 $ 0.10 2,790,000 $ 0.10 In December 2016 and March 2017 the Company issued 500,000 and 1,000,000 shares of GulfSlope Energy stock, respectively to an investor as part of a financing transaction (see Financing Notes in Note 7). In December 2016 and March 2017 the Company issued 550,000 and 1,100,000 warrants to purchase stock at $0.10 per share to an investor as part of a financing transaction (see Financing Notes in Note 7). The warrants have a term of 5 years. In October 2017 and December 2017 the Company issued 1,000,000 and 1,000,000 shares of GulfSlope Energy stock, respectively to an investor as part of a financing transaction (see Financing Notes in Note 7). In October 2017 and December 2017 the Company issued 1,100,000 and 1,100,000 warrants to purchase stock at $0.10 per share to an investor as part of a financing transaction (see Financing Notes in Note 7). The warrants have a term of 5 years. A summary of the Financing Note warrants, issued in conjunction with the Financing Notes and outstanding at September 30, 2018: Warrants Outstanding Warrants Exercisable Exercise Price Number Outstanding Remaining Contractual Life (Yrs) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 0.10 550,000 3.25 $ 0.10 550,000 $ 0.10 $ 0.10 1,100,000 3.46 $ 0.10 1,100,000 $ 0.10 $ 0.10 1,100,000 4.04 $ 0.10 1,100,000 $ 0.10 $ 0.10 1,100,000 4.21 $ 0.10 1,100,000 $ 0.10 Beginning in August 2018, the Company began negotiating a capital raise which is expected to consist of the issuance of common shares and warrants. The specific terms of the capital raise have not been finalized including the number of shares and warrants to be received by each investor. In September 2018, the Company issued approximately 4 million shares of common stock valued at approximately $231,000 on the date of grant and 2 million warrants valued at $80,000 utilizing the Black Scholes model with an exercise price of $0.15 per share in settlement of a liability for services rendered.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	NOTE 8 – STOCK-BASED COMPENSATION On January 1, 2017, 33.5 million stock options, with an exercise price of $0.0278 per share, were granted to 6 employees and 2 directors of the Company. The CEO was not included in the award. The stock options vested 50% on January 1, 2017, and 50% on January 1, 2018. The stock options are exercisable for seven years from the original grant date of January 1, 2017, until January 1, 2024. On May 1, 2018, 500,000 stock options, with an exercise price of $0.065 per share were granted to an employee. The stock options vested on the issue date. The stock options are exercisable for approximately 7.5 years from the date of grant of May 1, 2018 to December 31, 2025. These stock options were awarded from the Company’s 2014 Omnibus Incentive Plan. On June 1, 2018, 67.5 million stock options, with an exercise price of $0.075 per share were granted to employees, directors and contractors. 18.5 million of the stock options vested on June 1, 2018, 24 million will vest on June 1, 2019 and 25 million will vest on June 1, 2020 provided the holder continues to serve as an employee or a director on the vesting date. The stock options are exercisable for approximately 7.5 years from the grant date of June 1, 2018, to December 31, 2025. 49 million of these stock options were awarded from the Company’s 2018 Omnibus Incentive Plan and 18.5 million stock options were inducement awards. On January 2, 2019 the Company issued 1 million stock options to a former employee and contractor. 50% of the stock options vested on the issue date and the remainder will vest in July 2019. The stock options were valued at approximately $35,000 to be recognized over the service period of seven months. The stock options are exercisable until December 31, 2025. The fair value of the stock-options granted during 2018 and 2019 were determined using the Black Scholes valuation model with the following key assumptions: Date of Grant May 1, 2018 June 1, 2018 January 2, 2019 Number of Stock Options Granted 500,000 67,500,000 1,000,000 Stock Price $ 0.065 $ 0.075 $ 0.045 Exercise Price $ 0.065 $ 0.075 $ 0.045 Expected Life of Options 4.25 years 4.25 years 3.75 years Risk Free Rate 2.74 % 2.675 % 2.51 % Volatility 145.21 % 145.21 % 126.37 % The Company used the historical volatility of its stock for the period June 2014, through June 1, 2018, for the Black Scholes computation. The Company has no historical data regarding the expected life of the options and therefore used the simplified method of calculating the expected life. The risk-free rate was calculated using the U.S. Treasury constant maturity rates similar to the expected life of the options, as published by the Federal Reserve. The Company has no plans to declare any future dividends. The Company used the historical volatility of its stock for the prior year to value the stock options granted in 2019. The Company has no historical data regarding the expected life of the options and therefore used the simplified method of calculating the expected life. The risk-free rate was calculated using the U.S. Treasury constant maturity rates similar to the expected life of the options, as published by the Federal Reserve. The Company has no plans to declare any future dividends. The following table summarizes the Company’s stock option activity during the six months ended March 31, 2019: Number Weighted Weighted Average Average Intrinsic Outstanding at September 30, 2018 103,500,000 0.0605 Granted 1,000,000 — Exercised — — Cancelled — — Outstanding at March 31, 2019 104,500,000 $ 0.0604 2.82 $1.5 million Vested and expected to vest 104,500,000 $ 0.0604 2.82 $1.5 million Exercisable at March 31, 2019 55,000,000 $ 0.0475 2.82 $1.5 million There was approximately $1.5 million of intrinsic value for the options outstanding as of March 31, 2019. As of March 31, 2019, there was $1.9 million of unrecognized stock-based compensation to be recognized over a weighted average period of 2.82 years. Stock-based compensation cost is measured at the grant date, using the estimated fair value of the award, and is recognized over the required vesting period. The Company recognized $409,103 and zero in stock based compensation during the three months ended March 31, 2019 and March 31, 2018, respectively. A portion of these costs, $223,247 and zero were capitalized to unproved properties for the three months ended March 31, 2019 and March 31, 2018, respectively, with the remainder recorded as general and administrative expenses for each respective period. The Company recognized $802,553 and $93,381 in stock based compensation for six months ended March 31, 2019 and 2018, respectively. A portion of these costs $541,905, and $27,875 were capitalized to unproved properties for the six months ended March 31, 2019 and 2018, respectively.	NOTE 10 – STOCK-BASED COMPENSATION On January 1, 2017, 33.5 million stock options were granted to employees, officers and directors of the Company. The CEO was not included in the award. The stock options vested 50% on January 1, 2017 and 50% on January 1, 2018. The stock options are exercisable for seven years from the original grant date of January 1, 2017, until January 1, 2024. In May 2018, 500,000 stock options were granted to an employee. In June 2018, 33.5 million stock options were granted to employees, officers and directors of the Company. The CEO was not included in the award. Approximately 33% of the stock options vested on June 1, 2018 and approximately 33% will vest on June 1, 2019 and 2020, respectively, provided that the option holder continues to serve as an employee or director on the vesting date. The stock options are exercisable from the original grant date until December 31, 2025. Stock-based compensation cost is measured at the grant date, based on the estimated fair value of the award, and is recognized over the vesting period. The Company recognized $1,857,531 and $653,669 in stock-based compensation expense for the years ended September 30, 2018 and 2017, respectively. A portion of these costs allocable to the Company’s exploration activities, $820,877 and $195,125 were capitalized to unproved properties and the remainder was recorded as general and administrative expenses, for the years ended September 30, 2018 and 2017, respectively. The following table summarizes the Company’s stock option activity during the year ended September 30, 2018: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Average Intrinsic Value Outstanding at beginning of period 35,500,000 $ 0.033 Granted 68,000,000 0.075 — Exercised — — — Cancelled — — — Outstanding at end of period 103,500,000 $ 0.0605 3.32 $ 1.2 million Vested and expected to vest 103,500,000 $ 0.0605 3.32 $ 1.2 million Exercisable at end of period 54,500,000 $ 0.0475 — $ 1.3 million The Company uses the Black-Scholes option-pricing model to estimate the fair value of options granted. The weighted-average fair values of stock options granted for the years ended September 30, 2018 and 2017 were based on the following assumptions at the date of grant as follows: 2018 2017 Expected dividend yield 0 % 0 % Expected stock price volatility 145.2 % 127.2 % Risk-free interest rate 2.7 % 1.71 % Expected life of options 7 years 4 years Weighted-average grant date fair value $ 0.065 $ 0.022 The Company used its historical stock trading price volatility for the last four years. The Company has no historical data regarding the expected life of the options and therefore used the simplified method of calculating the expected life. The risk free rate was calculated using the U.S. Treasury constant maturity rates similar to the expected life of the options, as published by the Federal Reserve. The Company has no plans to declare any future dividends. As of September 30, 2018 there was $2.7 million of unrecognized stock-based compensation cost related to the stock option grants expected to be amortized over a weighted average period of three years.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – COMMITMENTS AND CONTINGENCIES In July 2018, the Company entered into a thirty-nine month lease for approximately 5,000 square feet of office space in 4 Houston Center in downtown Houston. Annual base rent is approximately $94 thousand for the first 18 months, increasing to approximately $97 thousand and $99 thousand, respectively during the remaining term of the lease. The Company reached an agreement with a vendor in August 2018 for the settlement of approximately $1 million in debt. The vendor was paid approximately $0.16 million in cash and 10 million shares of GulfSlope common stock. The agreement contains a provision that upon the sale of the common stock if the original debt is not fully satisfied, full payment will be made under a mutually agreed payment plan. If the stock is sold for a gain any surplus in excess of $1.3 million shall be a credit against future purchases from the vendor. The agreement was determined to meet the definition of a derivative in accordance with ASC 815. At March 31, 2019 there is a derivative financial instrument liability of approximately $0.3 million. In October 2018, the Company purchased a directors and officers’ insurance policy for approximately $160,000 and financed $146,000 of the premium by executing a note payable. The balance of the note payable at March 31, 2019, is approximately $81,000.	NOTE 11 – COMMITMENTS AND CONTINGENCIES From time to time, the Company may become involved in litigation relating to claims arising out of its operations in the normal course of business. No legal proceedings, government actions, administrative actions, investigations or claims are currently pending against us or involve the Company. In July 2018 the Company entered into a 39 month lease for approximately 5,000 square feet of office space in 4 Houston Center in downtown Houston. Annual base rent is approximately $94 thousand for the first 18 months, increasing to approximately $97 thousand and $99 thousand, respectively during the remaining term of the lease. The Company reached an agreement with a vendor in August 2018 for the settlement of approximately $1 million in debt. The vendor was paid $150,000 in cash, future cash payments of $7,500 and 10 million shares of GulfSlope common stock. The agreement contains a provision that upon the sale of the common stock if the original debt is not fully satisfied, full payment will be made, under a mutually agreed payment plan. If the stock is sold for a gain any surplus in excess of $1.3 million shall be a credit against future purchases from the vendor. The agreement was determined to meet the definition of a derivative in accordance with ASC 815. At September 30, 2018 there is a fair value liability of $271,710.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10 – SUBSEQUENT EVENTS Insurance proceeds for an underground COW (“control of well”) event were received in April 2019. Several partial payments totaling approximately $2.0 million were received through the filing of this report. Loan proceeds of $1 million were received under the $11 million Term Loan Facility described in Note 5 in April 2019.	NOTE 12 – SUBSEQUENT EVENTS In October 2018, the Company purchased an insurance policy for $159,995 and financed $146,310 of the premium by executing a note payable. In October 2018, the Company paid the 80% lease bonus payment and the first year rentals in the amount of $139,809 and was awarded Gulf of Mexico lease block Eugene Island, South Addition 371. In November 2018, the Company paid the 80% lease bonus payment and the first year rentals in the amount of $187,809 and was awarded Gulf of Mexico lease block Vermillion, South Addition 376.

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation		(b) Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and the instructions to Form 10-K and Regulation S-X published by the US Securities and Exchange Commission (the “SEC”). The accompanying financial statements include the accounts of the Company.
Going Concern	Liquidity/Going Concern The Company has incurred accumulated losses as of March 31, 2019, of $48.4 million. Further losses are anticipated in developing our business. As a result, there exists substantial doubt about our ability to continue as a going concern. As of March 31, 2019, we had $5.0 million of unrestricted cash on hand, $4.9 million of this amount is for the payment of joint payables from drilling operations. The Company estimates that it will need to raise a minimum of $5.0 million to meet its obligations and planned expenditures through May 2020. The Company plans to finance operations and planned expenditures through equity and/or debt financings and/or farm-out agreements. The Company also plans to extend the agreements associated with all loans, the accrued interest payable on these loans, as well as the Company’s accrued liabilities. There are no assurances that financing will be available with acceptable terms, if at all. If the Company is not successful in obtaining financing, operations would need to be curtailed or ceased or the Company would need to sell assets or consider alternative plans up to and including restructuring. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.	(c) Going Concern The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred net losses through September 30, 2018 of $41.9 million, has a lack of cash on-hand not from joint interest owners, and a working capital deficit. These factors raise substantial doubt as to the Company’s ability to continue as a going concern. Management intends to raise additional operating funds through equity and/or debt offerings. Management also plans to extend the agreements associated with loans from related parties, the accrued interest payable on these loans, as well as the Company’s accrued liabilities. However there can be no assurance that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may be required to curtail or cease operations or the Company would need to sell assets or consider alternative plans up to and including restructuring.
Cash	Cash GulfSlope considers highly liquid investments with insignificant interest rate risk and original maturities to the Company of three months or less to be cash equivalents. There were no cash equivalents at March 31, 2019 and September 30, 2018.	(d) Cash The Company considers all short-term highly liquid investments with an original maturity at the date of purchase of three months or less to be cash equivalents. There were no cash equivalents at September 30, 2018 and 2017, respectively.
Accounts Receivable		(e) Accounts Receivable The Company records an accounts receivable for operations expense reimbursements due from joint interest partners. The Company estimates allowances for doubtful accounts based on the aged receivable balances and historical losses. If the Company determines any account to be uncollectible based on significant delinquency or other factors, it is immediately written off. As of September 30, 2018 and 2017, no allowance was recorded. Accounts receivable from joint operations are $6.7 million at September 30, 2018.
Full Cost Method	Full Cost Method The Company uses the full cost method of accounting for its oil and natural gas exploration and development activities as defined by the SEC. Under the full cost method of accounting, all costs associated with successful and unsuccessful exploration and development activities are capitalized on a country-by-country basis into a single cost center (“full cost pool”). Such costs include property acquisition costs, geological and geophysical (“G&G”) costs, carrying charges on non-producing properties, costs of drilling both productive and non-productive wells and overhead charges directly related to acquisition, exploration and development activities. Proceeds from property sales will generally be credited to the full cost pool, with no gain or loss recognized, unless such a sale would significantly alter the relationship between capitalized costs and the proved reserves attributable to these costs. A significant alteration would typically involve a sale of 25% or more of the proved reserves related to a single full cost pool. Proved properties are amortized on a country-by-country basis using the units of production method (“UOP”), whereby capitalized costs are amortized over total proved reserves. The amortization base in the UOP calculation includes the sum of proved property, net of accumulated depreciation, depletion and amortization (“DD&A”), estimated future development costs (future costs to access and develop proved reserves), and asset retirement costs, less related salvage value. The costs of unproved properties and related capitalized costs (such as G&G costs) are withheld from the amortization calculation until such time as they are either developed or abandoned. Unproved properties and properties under development are reviewed for impairment at least quarterly and are determined through an evaluation considering, among other factors, seismic data, requirements to relinquish acreage, drilling results, remaining time in the commitment period, remaining capital plan, and political, economic, and market conditions. In countries where proved reserves exist, exploratory drilling costs associated with dry holes are transferred to proved properties immediately upon determination that a well is dry and amortized accordingly. In countries where a reserve base has not yet been established, impairments are charged to earnings. Companies that use the full cost method of accounting for oil and natural gas exploration and development activities are required to perform a ceiling test calculation each quarter. The full cost ceiling test is an impairment test prescribed by SEC Regulation S-X Rule 4-10. The ceiling test is performed quarterly, on a country-by-country basis, utilizing the average of prices in effect on the first day of the month for the preceding twelve-month period. The cost center ceiling is defined as the sum of (a) estimated future net revenues, discounted at 10% per annum, from proved reserves, (b) the cost of properties not being amortized, if any, and (c) the lower of cost or market value of unproved properties included in the cost being amortized. If such capitalized costs exceed the ceiling, the Company will record a write-down to the extent of such excess as a non-cash charge to earnings. Any such write-down will reduce earnings in the period of occurrence and results in a lower depreciation, depletion and amortization rate in future periods. A write-down may not be reversed in future periods even though higher oil and natural gas prices may subsequently increase the ceiling. As of March 31, 2019, the Company’s oil and gas properties consisted of wells in process, and capitalized exploration and acquisition costs for unproved properties and no proved reserves.	(f) Full Cost Method The Company uses the full cost method of accounting for its oil and gas exploration and development activities. Under the full cost method of accounting, all costs associated with successful and unsuccessful exploration and development activities are capitalized on a country-by-country basis into a single cost center (“full cost pool”). Such costs include property acquisition costs, geological and geophysical (“G&G”) costs, carrying charges on non-producing properties, costs of drilling both productive and non-productive wells and overhead charges directly related to acquisition, exploration and development activities. Proceeds from property sales will generally be credited to the full cost pool, with no gain or loss recognized, unless such a sale would significantly alter the relationship between capitalized costs and the proved reserves attributable to these costs. A significant alteration would typically involve a sale of 25% or more of the proved reserves related to a single full cost pool. Proved properties are amortized on a country-by-country basis using the units of production method (“UOP”), whereby capitalized costs are amortized over total proved reserves. The amortization base in the UOP calculation includes the sum of proved property, net of accumulated depreciation, depletion and amortization (“DD&A”), estimated future development costs (future costs to access and develop proved reserves), and asset retirement costs, less related salvage value. The costs of unproved properties and related capitalized costs (such as G&G costs) are withheld from the amortization calculation until such time as they are either developed or abandoned. Unproved properties and properties under development are reviewed for impairment at least quarterly and are determined through an evaluation considering, among other factors, seismic data, requirements to relinquish acreage, drilling results, remaining time in the commitment period, remaining capital plan, and political, economic, and market conditions. In countries where proved reserves exist, exploratory drilling costs associated with dry holes are transferred to proved properties immediately upon determination that a well is dry and amortized accordingly. In countries where a reserve base has not yet been established, impairments are charged to earnings. Companies that use the full cost method of accounting for oil and natural gas exploration and development activities are required to perform a ceiling test calculation each quarter. The full cost ceiling test is an impairment test prescribed by SEC Regulation S-X Rule 4-10. The ceiling test is performed quarterly, on a country-by-country basis, utilizing the average of prices in effect on the first day of the month for the preceding twelve month period. The cost center ceiling is defined as the sum of (a) estimated future net revenues, discounted at 10% per annum, from proved reserves, (b) the cost of properties not being amortized, if any, and (c) the lower of cost or market value of unproved properties included in the cost being amortized. If such capitalized costs exceed the ceiling, the Company will record a write-down to the extent of such excess as a non-cash charge to earnings. Any such write-down will reduce earnings in the period of occurrence and results in a lower depreciation, depletion and amortization rate in future periods. A write-down may not be reversed in future periods even though higher oil and natural gas prices may subsequently increase the ceiling. As of September 30, 2018, the Company’s oil and gas properties consisted of unproved properties, wells in process and no proved reserves.
Property and Equipment		(g) Property and Equipment Property and equipment are carried at cost and include expenditures for new equipment and those expenditures that substantially increase the productive lives of existing equipment and leasehold improvements. Maintenance and repair costs are expensed as incurred. Property and equipment are depreciated on a straight-line basis over the assets’ estimated useful lives. Fully depreciated property and equipment still in use are not eliminated from the accounts. The Company assesses the carrying value of its property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability is measured by comparing estimated undiscounted cash flows, expected to be generated from such assets, to their net book value. If net book value exceeds estimated cash flows, the asset is written down to its fair value, determined by the estimated discounted cash flows from such asset. When an asset is retired or sold, its cost and related accumulated depreciation and amortization are removed from the accounts. The difference between the net book value of the asset and proceeds on disposition is recorded as a gain or loss in our statements of operations in the period in which they occur.
Income Taxes		(h) Income Taxes Deferred tax assets and liabilities are recognized for the temporary differences between the financial reporting basis and tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. A valuation allowance is provided if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company’s policy is to recognize potential interest and penalties accrued related to unrecognized tax benefits as a component of income tax expense.
Stock-Based Compensation		(i) Stock-Based Compensation The Company records expenses associated with the fair value of stock-based compensation. For fully vested and restricted stock grants, the Company calculates the stock based compensation expense based upon estimated fair value on the date of grant. For stock warrants and options, the Company uses the Black-Scholes option valuation model to calculate stock based compensation at the date of grant. Option pricing models require the input of highly subjective assumptions, including the expected price volatility. Changes in these assumptions can materially affect the fair value estimate. (j) Stock Issuance The Company records the stock-based compensation awards issued to non-employees and other external entities for goods and services at either the fair market value of the goods received or services rendered or the instruments issued in exchange for such services, whichever is more readily determinable.
Earnings per Share	Basic and Dilutive Earnings Per Share Basic (loss) per share (“EPS”) is computed by dividing net income (loss) (the numerator) by the weighted average number of common shares outstanding for the period (denominator). Diluted EPS is computed by dividing net income (loss) by the weighted average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include stock options, warrants, and restricted stock. The number of potential common shares outstanding relating to stock options, warrants, and restricted stock is computed using the treasury stock method. As the Company has incurred losses for the three and six months ended March 31, 2019 and 2018, the potentially dilutive shares are anti-dilutive and are thus not added into the loss per share calculations. As of March 31, 2019 and 2018, there were 225,311,416 and 179,062,176 potentially dilutive shares, respectively.	(k) Earnings per Share Basic earnings per share (“EPS”) is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income (loss) by the weighted average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include stock options, warrants, convertible notes and restricted stock. The number of potential common shares outstanding relating to stock options, warrants, and restricted stock is computed using the treasury stock or if-converted method. As the Company has incurred losses for the years ended September 30, 2018 and 2017, the potentially dilutive shares are anti-dilutive and thus not added into the EPS calculations. As of September 30, 2018 and 2017, there were 213,089,281 and 164,345,443 potentially dilutive shares, respectively.
Use of Estimates		(l) Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Impact of New Accounting Standards	Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In June 2018, the FASB issued ASU 2018-07, Compensation-Stock Compensation (Topic 718) In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) The Company has evaluated all other recent accounting pronouncements and believes that none of them will have a significant effect on the Company’s financial statements.	(m) Impact of New Accounting Standards In May 2014, the FASB issued Accounting Standards Update No. 2014-09 (“ASU No. 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU replaces most existing revenue recognition guidance. ASU 2014-09 will be effective for us October 1, 2018. Once implemented, the Company can use one of two retrospective application methods for prior periods. The Company has completed its evaluation of the provisions of this standard and concluded that the adoption will not result in any adjustment to beginning accumulated deficit as the Company does not have any revenues. The Company will adopt this new standard effective October 1, 2018 using the modified retrospective method of adoption as permitted by the standard. The adoption of Topic 606 will have no material impact on our financial position, results of operations, stockholders’ equity, or cash flows, but will impact disclosures when the Company has revenue. On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) he new guidance establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. The new guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, and early application is permitted for all organizations. The Company has not yet selected the period during which it will implement this pronouncement, and it is currently evaluating the impact the adoption of ASU 2016-02 will have on its financial statements. The Jumpstart Our Business Startups Act, or JOBS Act, provides that an emerging growth company can take advantage of the extended transition period for complying with new or revised accounting standards. An emerging growth company can therefore delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. However, the Company has elected not to take advantage of such extended transition period, and as a result, will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies. The Company has evaluated all other recent accounting pronouncements and believes that none of them will have a significant effect on the Company’s financial statements.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Property and equipment consist of the following as of September 30, 2018 and 2017: 2018 2017 Office equipment and computers $ 133,089 $ 143,897 Furniture and fixtures 16,280 16,280 Leasehold improvements 5,756 4,054 Total 155,125 164,231 Less: accumulated depreciation (140,339 ) (160,747 ) Net property and equipment $ 14,786 $ 3,484
Schedule of estimated useful lives of assets	Depreciation is computed on a straight-line basis over the estimated useful lives of the assets, which were as follows: Life Office equipment and computers 3 years Furniture and fixtures 5 years Leasehold improvements Shorter of 5 years or related lease term

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of actual income tax provision for continuing operations	The provision for income taxes consists of the following as of September 30, 2018 and 2017: 9/30/2018 9/30/2017 FEDERAL Current $ — $ — Deferred — — STATE Current — — Deferred — — TOTAL PROVISION $ — $ —
Schedule of provision for income taxes	The difference between the actual income tax provision versus tax computed at the statutory rate is as follows for the years ended September 30, 2018 and 2017, respectively: 9/30/2018 9/30/2017 Expected provision (based on statutory rate of 21% in 2018 and 15% in 2017) $ (553,714 ) $ (854,152 ) Effect of: Increase in valuation allowance 2,696,631 732,562 Non-deductible expense 53,493 121,590 Rate Change (2,305,270 ) — Other, net 108,860 — Total actual provision $ — $ —
Schedule of deferred income tax assets and liabilities	Deferred income tax assets and liabilities at September 30, 2018 and 2017 consist of the following: 9/30/2018 9/30/2017 DEFERRED TAX ASSETS (LIABILITIES) Net operating losses $ 7,131,636 $ 5,611,276 Exploration costs (1,503,472 ) (931,289 ) Oil and natural gas leases 2,192,654 691,336 Stock based compensation 411,287 138,278 Accrued interest and expenses not paid 271,190 246,360 Derivative financial instrument (57,059 ) — Differences in book/tax depreciation 13,573 7,215 Net deferred tax asset $ 8,459,809 $ 5,763,176 Valuation allowance (8,459,809 ) (5,763,176 ) NET DEFERRED TAXES $ — $ —

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of fair value on recurring basis	The following table sets forth by level within the fair value hierarchy the Company’s derivative financial instruments that were accounted for at fair value on a recurring basis as of March 31, 2019: Description Quoted Prices in ActiveMarkets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Total Carrying Derivative Financial Instrument at September 30, 2018 — (271,710 ) — (271,710 ) Changes in Fair Value at December 31, 2018 — (196,266 ) — (196,266 ) Changes in Fair Value at March 31, 2019 179,274 179,274 Derivative Financial Instrument at March 31, 2019 — (288,702 ) — (288,702 )	The following table sets forth by level within the fair value hierarchy GulfSlope Energy, Inc.’s liabilities that were accounted for at fair value on a recurring basis as of September 30, 2018 (no financial assets or liabilities were accounted for at fair value on a recurring basis as of September 30, 2017): Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Carrying Description (Level 1) (Level 2) (Level 3) Value as of (In thousands) Derivative Financial Instrument $ — $ (271,710 ) $ — $ (271,710 ) Total as of Total as of September 30, 2018 $ — $ (271,710 ) $ — $ (271,710 )

COMMON STOCK_PAID IN CAPITAL (T

COMMON STOCK/PAID IN CAPITAL (Tables)	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Stockholders' Equity Note [Abstract]
Schedule of fair value assumptions for warrants	The fair value of the warrants were determined using the Black Scholes valuation model with the following key assumptions: Warrants Issue Date June 2016 July 2016 August 2016 November 2016 June 2017 July 2017 August 2017 January 2018 Warrants Outstanding 12.6 10.0 3.3 1.7 3.1 2.5 1.25 2.8 Stock Price (1) $ 0.054 $ 0.040 $ 0.032 $ 0.029 $ 0.025 $ 0.019 $ 0.016 $ 0.11 Exercise Price $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.10 Term (2) 3 years 3 years 3 years 3 years 2 years 2 years 2 years 1.5 years Risk Free Rate .87 % .80 % .88 % 1.28 % 1.35 % 1.35 % 1.33 % 1.89 % Volatility 135 % 138 % 137 % 131 % 135 % 136 % 135 % 163 % (1) Fair market value on the date of agreement. (2) Average term. The fair value of the warrants were determined using the Black Scholes valuation model with the following key assumptions: December 2018 Number of Warrants Issued 9,662,500 Stock Price $ 0.044 Exercise Price $ 0.09 Term 3 years Risk Free Rate 2.46 % Volatility 149 %	The fair value of the warrants were determined using the Black Scholes valuation model with the following key assumptions: June 2016 July 2016 August 2016 November 2016 June 2017 July 2017 August 2017 January 2018 Warrants Issued 12.9 million 10.0 million 3.3 million 1.7 million 3.2 million 2.5 million 1.25 million 2.8 Million Stock Price: $ 0.054 (1) $ 0.040 (1) $ 0.032 (1) $ 0.029 (1) $ 0.025 (1) $ 0.019 (1) $ 0.016 (1) $ 0.11 Exercise Price $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0.10 Term 3 years 3 years 3 years 3 years 2 years 2 years 2 years 1.5 years Risk Free Rate .87 % .80 % .88 % 1.28 % 1.35 % 1.35 % 1.33 % 1.89% Volatility 135 % 138 % 137 % 131 % 135 % 136 % 135 % 163% (1) Fair market value on the date of agreement.
Schedule of warrants issued in conjunction with Financing Notes	Below is a summary of warrants issued in conjunction with convertible notes which were paid in full as of September 30, 2018. The warrants are outstanding at March 31, 2019. Warrants Outstanding Warrants Exercisable Exercise Price Number Outstanding Remaining Contractual Life (Yrs) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 0.10 550,000 2.75 $ 0.10 550,000 $ 0.10 $ 0.10 1,100,000 2.96 $ 0.10 1,100,000 $ 0.10 $ 0.10 1,100,000 3.55 $ 0.10 1,100,000 $ 0.10 $ 0.10 1,100,000 3.71 $ 0.10 1,100,000 $ 0.10	A summary of warrants, issued in conjunction with the Bridge Financing Notes and outstanding at September 30, 2018: Warrants Outstanding Warrants Exercisable Date Issued Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Yrs) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price June 2016 $ 0.03 12,566,667 .69 $ 0.03 12,566,667 $ 0.03 July 2016 $ 0.03 10,000,000 .79 $ 0.03 10,000,000 $ 0.03 August 2016 $ 0.03 3,333,333 .88 $ 0.03 3,333,333 $ 0.03 November 2016 $ 0.03 1,666,667 1.13 $ 0.03 1,666,667 $ 0.03 June 2017 $ 0.03 3,141,667 .69 $ 0.03 3,141,667 $ 0.03 July 2017 $ 0.03 2,500,000 .79 $ 0.03 2,500,000 $ 0.03 August 2017 $ 0.03 833,333 .88 $ 0.03 833,333 $ 0.03 August 2017 $ 0.03 416,667 1.13 $ 0.03 416,667 $ 0.03 January 2018 $ 0.10 2,790,000 .78 $ 0.10 2,790,000 $ 0.10 A summary of the Financing Note warrants, issued in conjunction with the Financing Notes and outstanding at September 30, 2018: Warrants Outstanding Warrants Exercisable Exercise Price Number Outstanding Remaining Contractual Life (Yrs) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 0.10 550,000 3.25 $ 0.10 550,000 $ 0.10 $ 0.10 1,100,000 3.46 $ 0.10 1,100,000 $ 0.10 $ 0.10 1,100,000 4.04 $ 0.10 1,100,000 $ 0.10 $ 0.10 1,100,000 4.21 $ 0.10 1,100,000 $ 0.10

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of stock options activity	The following table summarizes the Company’s stock option activity during the six months ended March 31, 2019: Number Weighted Weighted Average Average Intrinsic Outstanding at September 30, 2018 103,500,000 0.0605 Granted 1,000,000 — Exercised — — Cancelled — — Outstanding at March 31, 2019 104,500,000 $ 0.0604 2.82 $1.5 million Vested and expected to vest 104,500,000 $ 0.0604 2.82 $1.5 million Exercisable at March 31, 2019 55,000,000 $ 0.0475 2.82 $1.5 million	The following table summarizes the Company’s stock option activity during the year ended September 30, 2018: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Average Intrinsic Value Outstanding at beginning of period 35,500,000 $ 0.033 Granted 68,000,000 0.075 — Exercised — — — Cancelled — — — Outstanding at end of period 103,500,000 $ 0.0605 3.32 $ 1.2 million Vested and expected to vest 103,500,000 $ 0.0605 3.32 $ 1.2 million Exercisable at end of period 54,500,000 $ 0.0475 — $ 1.3 million
Schedule of fair value assumptions for stock-options	The fair value of the stock-options granted during 2018 and 2019 were determined using the Black Scholes valuation model with the following key assumptions: Date of Grant May 1, 2018 June 1, 2018 January 2, 2019 Number of Stock Options Granted 500,000 67,500,000 1,000,000 Stock Price $ 0.065 $ 0.075 $ 0.045 Exercise Price $ 0.065 $ 0.075 $ 0.045 Expected Life of Options 4.25 years 4.25 years 3.75 years Risk Free Rate 2.74 % 2.675 % 2.51 % Volatility 145.21 % 145.21 % 126.37 %	The Company uses the Black-Scholes option-pricing model to estimate the fair value of options granted. The weighted-average fair values of stock options granted for the years ended September 30, 2018 and 2017 were based on the following assumptions at the date of grant as follows: 2018 2017 Expected dividend yield 0 % 0 % Expected stock price volatility 145.2 % 127.2 % Risk-free interest rate 2.7 % 1.71 % Expected life of options 7 years 4 years Weighted-average grant date fair value $ 0.065 $ 0.022

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	6 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)Numbershares	Mar. 31, 2018USD ($)shares	Sep. 30, 2018USD ($)Numbershares	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)
Accounting Policies [Abstract]
Number of leased federal outer continental shelf blocks | Number	14		14
Number of licensed three-dimensional (3-D) seismic data | Number	3		3
Accumulated losses	$ (48,368,056)		$ (41,858,257)	$ (39,221,523)
Antidilutive securities excluded from EPS calculation | shares	225,311,416	179,062,176	213,089,281	164,345,443
Accounts receivable, net			$ 6,286,796
Payment of joint payables from drilling operations	$ 4,900,000
Minimum capital which company estimated to raise to meet its obligations and planned expenditures	5,000,000		8,000,000
Unrestricted cash	$ 5,001,143	$ 2,369,948	$ 5,621,814	$ 6,426	$ 64,114

LIQUIDITY_GOING CONCERN (Detail

LIQUIDITY/GOING CONCERN (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Sep. 30, 2016
Liquiditygoing Concern
Accumulated losses	$ (48,368,056)	$ (41,858,257)		$ (39,221,523)
Unrestricted cash	5,001,143	5,621,814	$ 2,369,948	$ 6,426	$ 64,114
Payment of joint payables for drilling operations		4,500,000
Minimum capital which company estimated to raise to meet its obligations and planned expenditures	$ 5,000,000	$ 8,000,000

OIL AND NATURAL GAS PROPERTIES

OIL AND NATURAL GAS PROPERTIES (Details Narrative)	Mar. 11, 2019	Jan. 08, 2018USD ($)$ / shares	Oct. 25, 2017USD ($)	Oct. 31, 2017USD ($)	Aug. 31, 2017USD ($)Number	Feb. 27, 2019USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2018USD ($)$ / shares	Sep. 30, 2017USD ($)$ / shares	Mar. 31, 2019USD ($)$ / shares	Mar. 29, 2018USD ($)	Jan. 02, 2018USD ($)
Impairment of oil and natural gas properties										$ 3,316,212
Ownership percentage by Texas South					20.00%
Proceeds received under letter agreement					$ 166,989
Common stock, par value (in dollars per share) | $ / shares									$ 0.001	$ 0.001	$ 0.001
Issuance of stock for consulting services							$ 4,895,255	$ 4,895,255	$ 5,206,753
Value of common stock									832,013	$ 692,196	$ 1,089,433
Gulf of Mexico Well Tau [Member]
Percent of working interest						100.00%
Percent to fund well costs						20.00%
Percent of budget to fund well costs						115.00%
Estimated insurance claim						$ 10,000,000
Hi-View Investment Partners, LLC [Member]
Issuance of stock for consulting services			$ 80,000,000
Value of common stock												$ 4,800,000
Second Amendment [Member]
Ownership percentage by Texas South				20.00%
Proceeds to be received under farm out agreement				$ 329,062
Participation agreement [Member]
Percent of working interest		20.00%
Percent of exploratory costs		8.00%
Participation agreement [Member] | Delek GOM Investments, LLC [Member]
Percent of working interest		75.00%
Percent of exploratory costs		90.00%
Cash for each prospect exploration plan		$ 1,100,000
Percentage of option to purchase		5.00%
Common stock, par value (in dollars per share) | $ / shares		$ 0.001
Percent of obligation for each Phase	20.00%	20.00%
Percent of common stock preceding under acquisition	5.00%	10.00%
Participation agreement [Member] | Delek GOM Investments, LLC [Member] | Minimum [Member]
Percent to fund well costs		20.00%
Percent of budget to fund well costs		115.00%
Third Amendment [Member]
Ownership percentage by Texas South													20.00%
Proceeds to be received under farm out agreement													$ 225,000
Consulting Fees And Salaries And Benefits [Member]
Exploration costs capitalized during the period									229,267	172,094
Stock Option Costs [Member]
Exploration costs capitalized during the period									820,877	195,127
Technological Infrastructure And Third Party Hosting Services [Member]
Exploration costs capitalized during the period									53,934	53,014
Capitalized Acquisition Costs [Member]
Exploration costs capitalized during the period									$ 138,729
Bureau Of Ocean Energy Management [Member]
Gross annual lease rental payments										$ 376,368
Blocks acquired | Number					1
Lease paid				$ 140,591	$ 26,398
Percent of total lease bonus amount				80.00%	20.00%

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Depreciation	$ 2,590	$ 2,976	$ 4,723	$ 20,804

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2017
Property, Plant and Equipment [Line Items]
Gross property and equipment		$ 155,125	$ 164,231
Less: accumulated depreciation		(140,339)	(160,747)
Net property and equipment	$ 12,196	14,786	3,484
Office Equipment And Computers [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment		133,089	143,897
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment		16,280	16,280
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment		$ 5,756	$ 4,054

PROPERTY AND EQUIPMENT (Detai_3

PROPERTY AND EQUIPMENT (Details 1)	12 Months Ended
	Sep. 30, 2018
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Office Equipment And Computers [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Valuation allowance increase	$ 2,696,633	$ 732,562
Net operating loss carryforwards	$ 34,000,000
Percent of net operating loss expire from 2032 to 2037	95.00%
Percent of NOLs allowable deduction against future taxable income	100.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2017
FEDERAL
Current		$ 0	$ 0
Deferred		0	0
STATE
Current		0	0
Deferred		0	0
TOTAL PROVISION		$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Expected provision (based on statutory rate of 21% in 2018 and 15% in 2017)		$ (553,714)	$ (854,152)
Effect of:
Increase in valuation allowance		2,696,631	732,562
Non-deductible expense		53,493	121,590
Rate Change		(2,305,270)
Other, net		108,860
TOTAL PROVISION		$ 0	$ 0
Statutory tax rate		21.00%	15.00%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Sep. 30, 2018	Sep. 30, 2017
DEFERRED TAX ASSETS
Net operating losses	$ 7,131,636	$ 5,611,276
Exploration costs	(1,503,472)	(931,289)
Oil and natural gas leases	2,192,654	691,336
Stock based compensation	411,287	138,278
Accrued interest and expenses not paid	271,190	246,360
Derivative financial instrument	(57,059)	0
Differences in book/tax depreciation	13,573	7,215
Net deferred tax asset	8,459,809	5,763,176
Valuation allowance	(8,459,809)	(5,763,176)
NET DEFERRED TAXES	$ 0	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Nov. 15, 2016	May 31, 2013	Mar. 31, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2016	Feb. 29, 2016	Dec. 31, 2015	Sep. 30, 2013
Dr. Ronald Bain, President [Member]
Debt face amount										$ 267,000
Interest rate										5.00%
Amount owed to related party					$ 267,000
Accrued interest payable					$ 42,706	$ 27,171	$ 27,171
Dr. Ronald Bain, President [Member] | Convertible Promissory Notes [Member]
Debt face amount									$ 92,000
John Seitz, CEO [Member] | Convertible Promissory Notes [Member]
Debt face amount						$ 8,675,500	$ 8,675,500	$ 363,000			$ 2,410,000	$ 6,500,000
Interest rate						5.00%	5.00%	5.00%			5.00%	5.00%
Debt conversion, price per share						$ 0.12	$ 0.12					$ 0.12
Debt maturity date				due on demand	due on demand
Amount owed to related party			$ 8,675,500	$ 8,675,500	$ 8,675,500	$ 8,675,500	$ 8,675,500
Stock issued in conversion of notes payable, shares		10,000,000
Value of stock issued in conversion of notes payable		$ 1,200,000					5,300,000
Accrued interest payable			1,860,383	1,860,383	1,641,086	1,201,286	$ 1,201,286
Accounting Consulting Service [Member]
Accounting consulting services, included in related party payables			$ 14,880	$ 29,760	$ 23,660	$ 32,625
Related party [Member] | Promissory Notes [Member]
Proceeds from issuance of convertible notes and warrants	$ 50,000

RELATED PARTY TRANSACTIONS (D_2

RELATED PARTY TRANSACTIONS (Details Narrative 1) - USD ($)	Nov. 15, 2016	May 31, 2013	Mar. 31, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2013
John Seitz, CEO [Member] | Convertible Promissory Notes [Member]
Debt face amount						$ 8,675,500	$ 8,675,500	$ 363,000	$ 2,410,000	$ 6,500,000
Interest rate						5.00%	5.00%	5.00%	5.00%	5.00%
Debt conversion, price per share						$ 0.12	$ 0.12			$ 0.12
Debt maturity date				due on demand	due on demand
Amount owed to related party			$ 8,675,500	$ 8,675,500	$ 8,675,500	$ 8,675,500	$ 8,675,500
Stock issued in conversion of notes payable		10,000,000
Value of stock issued in conversion of notes payable		$ 1,200,000					5,300,000
Accrued interest payable			1,860,383	1,860,383	1,641,086	1,201,286	$ 1,201,286
Related party [Member] | Promissory Notes [Member]
Proceeds from issuance of convertible notes and warrants	$ 50,000
Accounting Consulting Service [Member]
Accounting consulting services, included in related party payables			$ 14,880	$ 29,760	$ 23,660	$ 32,625

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative)	Jan. 15, 2018$ / sharesshares	Nov. 15, 2016USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Nov. 30, 2016USD ($)Number$ / sharesshares	Sep. 30, 2018USD ($)Number$ / shares	Sep. 30, 2017USD ($)
Warrant exercise price | $ / shares								$ 0.15
Amortization of debt discount					$ 11,449	$ 175,634		$ 254,501	$ 810,540
Interest expense			$ 106,152	$ 227,489	$ 204,309	$ 452,566		$ 780,513	$ 1,324,127
Convertible Promissory Notes [Member]
Number of convertible promissory notes converted | Number								6
Amortization of debt discount								$ 30,000
Debt amount converted								560,000
Accrued interest amount converted								86,525
Outstanding debt amount								$ 277,000
June - Nov 2016 Promissory Notes [Member]
Proceeds from issuance of convertible notes							$ 837,000
Number of convertible promissory notes issued | Number							11
Maturity term							1 year
Interest rate							8.00%
Conversion price | $ / shares							$ 0.025
Qualified equity financing amount							$ 3,000,000
Amount allocated to debt							385,000
Amount allocated to warrants							452,000
Beneficial conversion feature							385,000
Debt discount							837,000
June - Nov 2016 Promissory Notes [Member] | Related Parties [Member]
Proceeds from issuance of convertible notes							$ 222,000
Number of convertible promissory notes issued | Number							3
Extinguishment of related party payables							$ 70,000
June - Nov 2016 Promissory Notes [Member] | Warrants [Member]
Number of warrants issued | shares	2,800,000						27,900,000
Warrant exercise price | $ / shares	$ 0.10						$ 0.03
Warrant term							3 years
June - Nov 2016 Promissory Notes [Member] | Warrants [Member] | Related Parties [Member]
Number of warrants issued | shares							7,400,000
Promissory Notes [Member] | Related party [Member]
Proceeds from issuance of convertible notes		$ 50,000

NOTES PAYABLE (Details Narrat_2

NOTES PAYABLE (Details Narrative 1) - USD ($)	Jan. 15, 2018	Dec. 15, 2017	Oct. 16, 2017	Mar. 14, 2017	Dec. 28, 2016	Sep. 30, 2018	Jun. 30, 2017	Aug. 31, 2017	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Nov. 30, 2016	Sep. 30, 2018	Sep. 30, 2017	Jun. 01, 2019	Jan. 02, 2019	Jun. 30, 2018	May 01, 2018	Apr. 28, 2018	Dec. 31, 2016
Warrant exercise price						$ 0.15								$ 0.15
Loss on Debt Extinguishment									$ (5,099,340)	$ (217,141)	$ (5,099,340)	$ (217,141)		$ (526,459)	$ (89,701)
Stock Price																$ 0.075	$ 0.045		$ 0.065
Amortization of debt discount											11,449	175,634		254,501	810,540
Interest expense									$ 106,152	$ 227,489	204,309	$ 452,566		780,513	1,324,127
Stock issued						4,000,000
Fair value of warrants											$ 16,992			$ 136,827
March 2017 Promissory Notes [Member] | Private Placement [Member]
Proceeds from issuance of convertible notes and warrants				$ 100,000
Interest rate				6.00%
Conversion price				$ 0.02
Amount allocated to debt				$ 69,000
Amount allocated to warrants				$ 14,000
Percentage of original warrants issued				10.00%
Beneficial conversion feature				$ 69,000
Debt discount				111,000
Amortization of debt discount															$ 106,000
Debt face amount				111,000
Additional funding available				350,000
Amount allocated to restricted stock				$ 17,000
Number of shares converted into stock															1,500,000
Amount of balance															$ 81,111
March 2017 Promissory Notes [Member] | Private Placement [Member] | Restricted Stock [Member]
Stock issued				1,000,000
March 2017 Promissory Notes [Member] | Private Placement [Member] | Warrants [Member]
Number of warrants issued				1,100,000
Warrant exercise price				$ 0.10
Warrant term				5 years
Dec 2016 Promissory Notes [Member] | Private Placement [Member]
Proceeds from issuance of convertible notes and warrants					$ 50,000
Interest rate					6.00%
Conversion price					$ 0.02
Amount allocated to debt					$ 34,000
Amount allocated to warrants					$ 8,000
Percentage of original warrants issued					10.00%
Beneficial conversion feature					$ 33,571
Debt discount					55,555
Amortization of debt discount															55,555
Interest expense															$ 3,333
Debt face amount					56,000
Additional funding available					450,000
Amount allocated to restricted stock					$ 8,000
Number of shares converted into stock															5,500,000
Dec 2016 Promissory Notes [Member] | Private Placement [Member] | Restricted Stock [Member]
Stock issued					500,000
Dec 2016 Promissory Notes [Member] | Private Placement [Member] | Warrants [Member]
Number of warrants issued					550,000
Warrant exercise price					$ 0.10
Warrant term					5 years
June - Nov 2016 Promissory Notes [Member]
Proceeds from issuance of convertible notes and warrants													$ 837,000
Maturity term													1 year
Interest rate													8.00%
Conversion price													$ 0.025
Qualified equity financing amount													$ 3,000,000
Amount allocated to debt													385,000
Amount allocated to warrants													452,000
Beneficial conversion feature													385,000
Debt discount													837,000
June - Nov 2016 Promissory Notes [Member] | Related Parties [Member]
Proceeds from issuance of convertible notes and warrants													222,000
Extinguishment of related party payables													$ 70,000
June - Nov 2016 Promissory Notes [Member] | Warrants [Member]
Number of warrants issued	2,800,000												27,900,000
Warrant exercise price	$ 0.10												$ 0.03
Warrant term													3 years
Percentage of original warrants issued	10.00%
Fair value of warrants	$ 217,000
Warrants outstanding						27,600,000								27,600,000
June - Nov 2016 Promissory Notes [Member] | Warrants [Member] | Related Parties [Member]
Number of warrants issued													7,400,000
June - Nov 2016 Promissory Notes [Member] | June 2017 Warrants [Member]
Number of warrants issued							7,000,000
Warrant exercise price							$ 0.03
Loss on Debt Extinguishment							$ (50,701)
Percentage of original warrants issued							25.00%
Dec 2016 Promissory Notes [Member] | January 2018 Warrants [Member]
Number of warrants issued								3,750,000
Loss on Debt Extinguishment								$ 39,000
Percentage of original warrants issued								25.00%
Fair value of warrants								$ 51,000
Dec 2016 Promissory Notes [Member] | Private Placement [Member]
Warrant exercise price																					$ 0.10
October 2017 Promissory Notes [Member] | Private Placement [Member]
Proceeds from issuance of convertible notes and warrants			$ 100,000
Interest rate			6.00%
Conversion price			$ 0.02
Amount allocated to debt			$ 59,000
Amount allocated to warrants			$ 20,000
Percentage of original warrants issued			10.00%
Beneficial conversion feature			$ 59,000
Debt discount			110,000
Debt face amount			110,000
Additional funding available			250,000
Amount allocated to restricted stock			$ 21,000
Accrued interest paid																				$ 5,800,000
October 2017 Promissory Notes [Member] | Private Placement [Member] | Restricted Stock [Member]
Stock issued			1,000,000
October 2017 Promissory Notes [Member] | Private Placement [Member] | Warrants [Member]
Number of warrants issued			1,100,000
Warrant exercise price			$ 0.10
Warrant term			5 years
December 2017 Promissory Notes [Member] | Private Placement [Member]
Proceeds from issuance of convertible notes and warrants		$ 100,000
Interest rate		6.00%
Conversion price		$ 0.02
Amount allocated to debt		$ 44,981
Amount allocated to warrants		$ 27,000
Percentage of original warrants issued		10.00%
Beneficial conversion feature		$ 45,000
Debt discount		110,000
Debt face amount		110,000
Additional funding available		150,000
Amount allocated to restricted stock		$ 28,000
Accrued interest paid																		$ 5,800,000
December 2017 Promissory Notes [Member] | Private Placement [Member] | Restricted Stock [Member]
Stock issued		1,000,000
December 2017 Promissory Notes [Member] | Private Placement [Member] | Warrants [Member]
Number of warrants issued		1,100,000
Warrant exercise price		$ 0.10
Warrant term		5 years

NOTES PAYABLE (Details Narrat_3

NOTES PAYABLE (Details Narrative 2)	Mar. 06, 2019USD ($)shares	Mar. 01, 2019USD ($)$ / sharesshares	Jan. 15, 2018$ / sharesshares	Sep. 30, 2018USD ($)Number$ / shares	Jun. 30, 2017USD ($)Number$ / sharesshares	Aug. 31, 2017USD ($)shares	Mar. 31, 2019USD ($)$ / shares	Mar. 31, 2018USD ($)	Mar. 31, 2019USD ($)$ / shares	Mar. 31, 2018USD ($)	Nov. 30, 2016USD ($)Number$ / sharesshares	Sep. 30, 2018USD ($)Number$ / shares	Sep. 30, 2017USD ($)$ / shares
Common stock par value (in dollars per shares) | $ / shares				$ 0.001			$ 0.001		$ 0.001			$ 0.001	$ 0.001
Warrant exercise price | $ / shares				$ 0.15								$ 0.15
Amortization of debt discount									$ 11,449	$ 175,634		$ 254,501	$ 810,540
Interest expense							$ 106,152	$ 227,489	204,309	452,566		780,513	1,324,127
Loss on Debt Extinguishment							(5,099,340)	$ (217,141)	$ (5,099,340)	$ (217,141)		$ (526,459)	$ (89,701)
Proceeds from issuance				$ 231,000			259,000
Term Loan Agreement [Member] | Delek GOM Investments, LLC, [Member]
Number of warrants issued | shares	238,095,238	238,095,238
Common stock par value (in dollars per shares) | $ / shares		$ 0.001
Warrant exercise price | $ / shares		$ 0.042
Debt discount	$ 5,100,000
Loss on Debt Extinguishment	5,100,000
Loan amount	$ 10,000,000	$ 11,000,000
Interest rate		5.00%
Default interest rate		7.00%
Proceeds from issuance		$ 500,000
Term Loan Agreement [Member] | Delek GOM Investments, LLC, [Member] | Minimum [Member]
Outstanding debt amount		100,000
Term Loan Agreement [Member] | Delek GOM Investments, LLC, [Member] | Maximum [Member]
Outstanding debt amount		$ 500,000
June - Nov 2016 Promissory Notes [Member]
Proceeds from issuance of convertible notes											$ 837,000
Number of convertible promissory notes issued | Number											11
Maturity term											1 year
Interest rate											8.00%
Conversion price | $ / shares											$ 0.025
Qualified equity financing amount											$ 3,000,000
Amount allocated to debt											385,000
Amount allocated to warrants											452,000
Beneficial conversion feature											385,000
Debt discount											$ 837,000
June - Nov 2016 Promissory Notes [Member] | Warrants [Member]
Number of warrants issued | shares			2,800,000								27,900,000
Warrant exercise price | $ / shares			$ 0.10								$ 0.03
Warrant term											3 years
Percentage of original warrants issued			10.00%
June - Nov 2016 Promissory Notes [Member] | June 2017 Warrants [Member]
Number of convertible promissory notes issued | Number					8
Number of warrants issued | shares					7,000,000
Warrant exercise price | $ / shares					$ 0.03
Loss on Debt Extinguishment					$ (50,701)
Percentage of original warrants issued					25.00%
June - Nov 2016 Promissory Notes [Member] | January 15, 2019 Warrants [Member]
Number of convertible promissory notes issued | Number				6								6
Debt amount converted							277,000					$ 560,000
Accrued interest amount converted							6,000					$ 87,000
Cumulative accrued interest							$ 60,000
Dec 2016 Promissory Notes [Member] | January 2018 Warrants [Member]
Number of warrants issued | shares						3,750,000
Loss on Debt Extinguishment						$ 39,000
Percentage of original warrants issued						25.00%

Fair Value Measurement (Details

Fair Value Measurement (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Derivative Financial Instrument	$ (271,710)		$ (271,710)
Changes in Fair Value	179,274	$ (196,266)
Total	(288,702)		(271,710)
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Derivative Financial Instrument	(271,710)		(271,710)
Changes in Fair Value	179,274	$ (196,266)
Total	$ (288,702)		$ (271,710)

COMMON STOCK_PAID IN CAPITAL (D

COMMON STOCK/PAID IN CAPITAL (Details Narrative) - USD ($)	Jan. 02, 2019	Jun. 01, 2018	May 01, 2018	Sep. 30, 2018	Aug. 31, 2018	Dec. 31, 2017	Oct. 31, 2017	Mar. 31, 2017	Dec. 31, 2016	Nov. 30, 2016	Mar. 06, 2019	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	May 31, 2018
Stock issued				4,000,000
Number of warrants issued				2,000,000
Term	3 years 9 months	4 years 3 months	4 years 3 months													7 years	4 years
Warrant exercise price				$ 0.15												$ 0.15
Common stock, authorized				1,500,000,000								1,500,000		1,500,000		1,500,000,000	975,000,000		975,000,000
Preferred stock, authorized				50,000,000								50,000,000		50,000,000		50,000,000	50,000,000
Proceeds from issuance of common shares and warrants					$ 970,000
Peoceeds from share issue				$ 231,000								$ 259,000
Proceeds from warrants issue				$ 80,000								259,000
Debt discount														$ 11,449	$ 175,634	$ 254,501	$ 810,540
Loss on Debt Extinguishment												$ (5,099,340)	$ (217,141)	$ (5,099,340)	$ (217,141)	$ (526,459)	$ (89,701)
Delek GOM [Member]
Number of warrants issued											238,000,000
Fair value of warrants											$ 10,000,000
Private Placement [Member]
Common stock, authorized												19,300,000		19,300,000
March 2017 Promissory Notes [Member] | Private Placement [Member]
Number of warrants issued								1,100,000
Term								5 years
Warrant exercise price								$ 0.10				$ 0.10		$ 0.10
Common stock issued for cash, shares								1,000,000
Dec 2016 Promissory Notes [Member] | Private Placement [Member]
Number of warrants issued									550,000
Term									5 years
Warrant exercise price									$ 0.10
Common stock issued for cash, shares									500,000
Dec 2017 Promissory Notes [Member] | Private Placement [Member]
Number of warrants issued						1,100,000
Term						5 years
Warrant exercise price						$ 0.10
Common stock issued for cash, shares						1,000,000
Oct 2017 Promissory Notes [Member] | Private Placement [Member]
Number of warrants issued							1,100,000
Term							5 years
Warrant exercise price							$ 0.10
Common stock issued for cash, shares							1,000,000
June 2016 Warrants [Member]
Warrant exercise price				$ 0.03												$ 0.03
Fair value of warrants				$ 431,527												$ 431,527
Warrants [Member] | Delek GOM [Member]
Debt discount											5,000,000
Loss on Debt Extinguishment											$ 5,000,000
Warrants [Member] | Private Placement [Member]
Common stock, authorized												9,700,000		9,700,000
Warrants [Member] | March 2017 Promissory Notes [Member] | Private Placement [Member]
Term												3 years
Number of warrants exercised												417,000
Warrants [Member]
Number of warrants issued										27,900,000								26,200,000
Term										3 years								3 years
Warrant exercise price										$ 0.03
Fair value of warrants										$ 452,422

COMMON STOCK_PAID IN CAPITAL _2

COMMON STOCK/PAID IN CAPITAL (Details)		Mar. 31, 2019Numbershares		Sep. 30, 2018Numbershares
June 2016 Warrants [Member]
Warrants issued		12,600,000		12,900,000
June 2016 Warrants [Member] | Share Price [Member]
Measurement Input	[1]	0.054		.054
June 2016 Warrants [Member] | Exercise Price [Member]
Measurement Input		0		.03
June 2016 Warrants [Member] | Risk Free Interest Rate [Member]
Measurement Input		1		.0087
June 2016 Warrants [Member] | Expected Term [Member]
Measurement Input		3	[2]	3
June 2016 Warrants [Member] | Volatility [Member]
Measurement Input		135		1.35
July 2016 Warrants [Member]
Warrants issued		10,000,000		10,000,000
July 2016 Warrants [Member] | Share Price [Member]
Measurement Input	[1]	0.040		.040
July 2016 Warrants [Member] | Exercise Price [Member]
Measurement Input		0		.03
July 2016 Warrants [Member] | Risk Free Interest Rate [Member]
Measurement Input		0.80		.0080
July 2016 Warrants [Member] | Expected Term [Member]
Measurement Input | Number		3	[2]	3
July 2016 Warrants [Member] | Volatility [Member]
Measurement Input		138		1.38
August 2016 Warrants [Member]
Warrants issued		3,300,000		3,300,000
August 2016 Warrants [Member] | Share Price [Member]
Measurement Input	[1]	0.032		0.032
August 2016 Warrants [Member] | Exercise Price [Member]
Measurement Input		0		0.03
August 2016 Warrants [Member] | Risk Free Interest Rate [Member]
Measurement Input		1		0.008
August 2016 Warrants [Member] | Expected Term [Member]
Measurement Input		3	[2]	3
August 2016 Warrants [Member] | Volatility [Member]
Measurement Input		137		1.37
November 2016 Warrants [Member]
Warrants issued		1,700,000		1,700,000
November 2016 Warrants [Member] | Share Price [Member]
Measurement Input	[1]	0.029		.029
November 2016 Warrants [Member] | Exercise Price [Member]
Measurement Input		0		.03
November 2016 Warrants [Member] | Risk Free Interest Rate [Member]
Measurement Input		1		.0128
November 2016 Warrants [Member] | Expected Term [Member]
Measurement Input		3	[2]	3
November 2016 Warrants [Member] | Volatility [Member]
Measurement Input		131		1.31
June 2017 Warrants [Member]
Warrants issued		3,100,000		3,200,000
June 2017 Warrants [Member] | Share Price [Member]
Measurement Input	[1]	0.025		.025
June 2017 Warrants [Member] | Exercise Price [Member]
Measurement Input		0		.03
June 2017 Warrants [Member] | Risk Free Interest Rate [Member]
Measurement Input		1		.0135
June 2017 Warrants [Member] | Expected Term [Member]
Measurement Input		2	[2]	2
June 2017 Warrants [Member] | Volatility [Member]
Measurement Input		135		1.35
July 2017 Warrants [Member]
Warrants issued		2,500,000		2,500,000
July 2017 Warrants [Member] | Share Price [Member]
Measurement Input	[1]	0.019		.019
July 2017 Warrants [Member] | Exercise Price [Member]
Measurement Input		0		.03
July 2017 Warrants [Member] | Risk Free Interest Rate [Member]
Measurement Input		1		.0135
July 2017 Warrants [Member] | Expected Term [Member]
Measurement Input		2	[2]	2
July 2017 Warrants [Member] | Volatility [Member]
Measurement Input		136		1.36
August 2017 Warrants [Member]
Warrants issued		1,250,000		1,250,000
August 2017 Warrants [Member] | Share Price [Member]
Measurement Input	[1]	0.016		.016
August 2017 Warrants [Member] | Exercise Price [Member]
Measurement Input		0		.03
August 2017 Warrants [Member] | Risk Free Interest Rate [Member]
Measurement Input		1		.0133
August 2017 Warrants [Member] | Expected Term [Member]
Measurement Input		2	[2]	2
August 2017 Warrants [Member] | Volatility [Member]
Measurement Input		135		1.35
January 2018 Warrants [Member]
Warrants issued		2,800,000		2,800,000
January 2018 Warrants [Member] | Share Price [Member]
Measurement Input	[1]	0.11		.11
January 2018 Warrants [Member] | Exercise Price [Member]
Measurement Input		0		.10
January 2018 Warrants [Member] | Risk Free Interest Rate [Member]
Measurement Input		1.5		.0189
January 2018 Warrants [Member] | Expected Term [Member]
Measurement Input		2	[2]	1.5
January 2018 Warrants [Member] | Volatility [Member]
Measurement Input		163		1.63
Warrants [Member]
Warrants issued		9,662,500
Warrants [Member] | Share Price [Member]
Measurement Input | Number		0
Warrants [Member] | Exercise Price [Member]
Measurement Input | Number		0
Warrants [Member] | Risk Free Interest Rate [Member]
Measurement Input | Number		3
Warrants [Member] | Expected Term [Member]
Measurement Input | Number		2
Warrants [Member] | Volatility [Member]
Measurement Input | Number		149
[1]	Fair market value on the date of agreement.
[2]	Average term.

COMMON STOCK_PAID IN CAPITAL _3

COMMON STOCK/PAID IN CAPITAL (Details 1)	12 Months Ended
	Sep. 30, 2018USD ($)$ / sharesshares
Bridge Financing Note Warrants [Member] | June 2016 Warrants [Member]
Number of warrants - outstanding | $	$ 12,566,667
Weighted Average Remaining Contractual Life (Yrs)	8 months 9 days
Weighted Average Exercise Price - outstanding	$ 0.03
Number of warrants - exercisable | shares	12,566,667
Weighted Average Exercise Price- exercisable	$ 0.03
Bridge Financing Note Warrants [Member] | July 2016 Warrants [Member]
Number of warrants - outstanding | $	$ 10,000,000
Weighted Average Remaining Contractual Life (Yrs)	9 months 14 days
Weighted Average Exercise Price - outstanding	$ 0.03
Number of warrants - exercisable | shares	10,000,000
Weighted Average Exercise Price- exercisable	$ 0.03
Bridge Financing Note Warrants [Member] | August 2016 Warrants [Member]
Number of warrants - outstanding | $	$ 3,333,333
Weighted Average Remaining Contractual Life (Yrs)	10 months 17 days
Weighted Average Exercise Price - outstanding	$ 0.03
Number of warrants - exercisable | shares	3,333,333
Weighted Average Exercise Price- exercisable	$ 0.03
Bridge Financing Note Warrants [Member] | November 2016 Warrants [Member]
Number of warrants - outstanding | $	$ 1,666,667
Weighted Average Remaining Contractual Life (Yrs)	1 year 1 month 16 days
Weighted Average Exercise Price - outstanding	$ 0.03
Number of warrants - exercisable | shares	1,666,667
Weighted Average Exercise Price- exercisable	$ 0.03
Bridge Financing Note Warrants [Member] | June 2017 Warrants [Member]
Number of warrants - outstanding | $	$ 3,141,667
Weighted Average Remaining Contractual Life (Yrs)	8 months 9 days
Weighted Average Exercise Price - outstanding	$ 0.03
Number of warrants - exercisable | shares	3,141,667
Weighted Average Exercise Price- exercisable	$ 0.03
Bridge Financing Note Warrants [Member] | July 2017 Warrants [Member]
Number of warrants - outstanding | $	$ 2,500,000
Weighted Average Remaining Contractual Life (Yrs)	9 months 14 days
Weighted Average Exercise Price - outstanding	$ 0.03
Number of warrants - exercisable | shares	2,500,000
Weighted Average Exercise Price- exercisable	$ 0.03
Bridge Financing Note Warrants [Member] | August 2017 Warrants [Member]
Number of warrants - outstanding | $	$ 833,333
Weighted Average Remaining Contractual Life (Yrs)	10 months 17 days
Weighted Average Exercise Price - outstanding	$ 0.03
Number of warrants - exercisable | shares	833,333
Weighted Average Exercise Price- exercisable	$ 0.03
Bridge Financing Note Warrants [Member] | August 2017 Warrants [Member]
Number of warrants - outstanding | $	$ 416,667
Weighted Average Remaining Contractual Life (Yrs)	1 year 1 month 16 days
Weighted Average Exercise Price - outstanding	$ 0.03
Number of warrants - exercisable | shares	416,667
Weighted Average Exercise Price- exercisable	$ 0.03
Bridge Financing Note Warrants [Member] | January 2018 Warrants [Member]
Number of warrants - outstanding | $	$ 2,790,000
Weighted Average Remaining Contractual Life (Yrs)	9 months 11 days
Weighted Average Exercise Price - outstanding	$ 0.10
Number of warrants - exercisable | shares	2,790,000
Weighted Average Exercise Price- exercisable	$ 0.10
Financing Note Warrants #3 [Member]
Number of warrants - outstanding | $	$ 1,100,000
Weighted Average Remaining Contractual Life (Yrs)	4 years 14 days
Weighted Average Exercise Price - outstanding	$ 0.10
Number of warrants - exercisable | shares	1,100,000
Weighted Average Exercise Price- exercisable	$ 0.10
Financing Note Warrants #4 [Member]
Number of warrants - outstanding | $	$ 1,100,000
Weighted Average Remaining Contractual Life (Yrs)	4 years 2 months 16 days
Weighted Average Exercise Price - outstanding	$ 0.10
Number of warrants - exercisable | shares	1,100,000
Weighted Average Exercise Price- exercisable	$ 0.10
Financing Note Warrants #1 [Member]
Number of warrants - outstanding | $	$ 550,000
Weighted Average Remaining Contractual Life (Yrs)	3 years 3 months
Weighted Average Exercise Price - outstanding	$ 0.10
Number of warrants - exercisable | shares	550,000
Weighted Average Exercise Price- exercisable	$ 0.10
Financing Note Warrants #2 [Member]
Number of warrants - outstanding | $	$ 1,100,000
Weighted Average Remaining Contractual Life (Yrs)	3 years 5 months 16 days
Weighted Average Exercise Price - outstanding	$ 0.10
Number of warrants - exercisable | shares	1,100,000
Weighted Average Exercise Price- exercisable	$ 0.10

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details Narrative) - USD ($)

Jun. 01, 2020

Jun. 01, 2019

Jan. 02, 2019

Jun. 01, 2018

Jun. 01, 2018

May 01, 2018

Jan. 02, 2018

Jun. 01, 2018

May 01, 2018

Mar. 31, 2019

Mar. 31, 2018

Sep. 30, 2018

Sep. 30, 2017

Dec. 31, 2025

Jan. 01, 2017

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock-based compensation expense

$ 802,553

$ 93,381

$ 1,857,531

$ 653,669

Stock-based compensation capitalized to unproved properties

541,905

$ 27,875

820,877

$ 195,125

Unrecognized compensation expense related to stock options

$ 1,900,000

$ 2,700,000

Number of stock options granted

1,000,000

67,500,000

500,000

1,000,000

68,000,000

Expected life of options

2 years 9 months 25 days

3 years

Exercise price (in dollars per share)

$ 0.075

$ 0.045

$ 0.065

$ 0.065

Fair value of stock options granted

$ 35,000

Exercisable year

3 years 9 months

4 years 3 months

4 years 3 months

7 years

4 years

Share-based Compensation Award, Tranche January 1, 2017 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock option of vested

50.00%

50.00%

Share-based Compensation Award, Tranche June 1, 2018 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock option of vested

33.00%

Share-based Compensation Award, Tranche June 1, 2019 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock option of vested

33.00%

Share-based Compensation Award, Tranche June 1, 2020 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock option of vested

33.00%

Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of stock options granted

1,000,000

33,500,000

500,000

Exercise price (in dollars per share)

$ 0.065

$ 0.065

$ 0.0278

Employee Stock Option [Member] | Subsequent Event [Member] | 2018 Omnibus Incentive Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of stock options granted

49,000,000

Employee Stock Option [Member] | Subsequent Event [Member] | Inducement Awards [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of stock options granted

18,500,000

Employee Stock Option [Member] | Employees, Directors and Contractors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of stock options granted

67,500,000

Stock option of vested

1850000000.00%

Exercise price (in dollars per share)

$ 0.075

$ 0.075

$ 0.075

Employee Stock Option [Member] | Employees, Directors and Contractors [Member] | Subsequent Event [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock option of vested

2500000000.00%

2400000000.00%

Exercisable year

7 years 6 months

STOCK-BASED COMPENSATION (Det_2

STOCK-BASED COMPENSATION (Details) - $ / shares	Jan. 02, 2019	Jun. 01, 2018	May 01, 2018	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2017	Jun. 01, 2019
Stock-based Compensation Details 1
Number of Stock Options Granted	1,000,000	67,500,000	500,000	1,000,000	68,000,000
Expected dividend yield					0.00%	0.00%
Expected stock price volatility	126.37%	145.21%	145.21%		145.20%	127.20%
Risk-free interest rate	2.51%	2.675%	2.74%		2.70%	1.71%
Expected life of options	3 years 9 months	4 years 3 months	4 years 3 months		7 years	4 years
Weighted-average grant date fair value					$ 0.065	$ 0.022
Stock Price	$ 0.045		$ 0.065				$ 0.075
Exercise Price	$ 0.045		$ 0.065				$ 0.075

STOCK-BASED COMPENSATION (Det_3

STOCK-BASED COMPENSATION (Details 1) - USD ($)	Jan. 02, 2019	Jun. 01, 2018	May 01, 2018	Mar. 31, 2019	Sep. 30, 2018
Number of Options
Outstanding at beginning of period				103,500,000	35,500,000
Granted	1,000,000	67,500,000	500,000	1,000,000	68,000,000
Outstanding at end of period				104,500,000	103,500,000
Vested and expected to vest				104,500,000	103,500,000
Exercisable at end of period				55,000,000	54,500,000
Weighted Average Exercise Price
Outstanding at beginning of period				$ 0.0605	$ 0.033
Granted					0.075
Outstanding at end of period				0.0604	0.0605
Vested and expected to vest				0.0604	0.0605
Exercisable at end of period				$ 0.0475	$ 0.0475
Weighted Average Remaining Contractual Term
Outstanding at end of period				2 years 9 months 25 days	3 years 3 months 25 days
Vested and expected to vest				2 years 9 months 25 days	3 years 3 months 25 days
Exercisable at end of period				2 years 9 months 25 days
Average Intrinsic Value
Outstanding at end of period				$ 1,500,000	$ 1,200,000
Vested and expected to vest				1,500,000	1,200,000
Exercisable at end of period				$ 1,500,000	$ 1,300,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	Oct. 31, 2018USD ($)	Aug. 31, 2018USD ($)	Jul. 31, 2018USD ($)ft²	Sep. 30, 2018USD ($)	Mar. 31, 2019USD ($)
Lease term				39 months	39 months
Office space | ft²			5,000
Annual base rent for the first 18 months			$ 94,000
Annual base rent - Year two				$ 97	$ 97,000
Annual base rent - Year two				99	99,000
Common stock issued to vendor for settlement of debt				1,896,999
Fair value liability				$ 271,710	300,000
Directors and Officers [Member] | Note Payable [Member]
Insurance policy	$ 160,000
Insurance policy premium	$ 146,000
Balance amount of debt					$ 81,000
Vendor [Member]
Principal amount		$ 1,000,000
Repayment of debt		160,000
Future cash payments		7,500
Common stock issued to vendor for settlement of debt		10,000,000
Vendor [Member] | Minimum [Member]
Gain on sale of stock by vendor in excess of		$ 1,300,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	1 Months Ended			6 Months Ended
	Apr. 29, 2019	Nov. 30, 2018	Oct. 31, 2018	Mar. 31, 2019
Partial payments received				$ 2,000,000
Subsequent Event [Member]
Insurance policy purchased			$ 159,995
Insurance policy premium			146,310
Lease bonus payments first year rentals		$ 187,809	$ 139,809
Percent lease bonus payment		80.00%	80.00%
Subsequent Event [Member] | Term Loan Facility [Member]
Term loan facility amount available	$ 11,000,000
Proceeds from loans	$ 1,000,000