ERHC Energy (ERHE) 10-Q 14 Aug 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	ERHC Energy Inc
Entity Central Index Key	799,235
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		2,871,151,742
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015

UNAUDITED CONSOLIDATED BALANCE

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Current assets:
Cash and cash equivalents	$ 837,945	$ 2,182,406
Investment in Oando Energy Resources	386,304	671,402
Deferred debt origination cost - short term	78,842	147,079
Prepaid expenses and other	232,869	246,922
Total current assets	1,535,960	3,247,809
Oil and gas concession fees	6,074,758	6,006,235
Furniture and equipment, net of accumulated depreciation of $426,770 and $368,587 at June 30, 2015 and September 30, 2014	150,711	206,273
Deferred debt origination cost - long term	0	43,755
Income tax receivable	2,018,533	2,018,533
Prepaid expenses - long term	35,550	172,433
Total assets	9,815,512	11,695,038
Current liabilities:
Accounts payable and accrued liabilities	228,871	379,639
Convertible note payable, net of discount - short term	276,662	625,533
Derivative liability - short term	519,029	751,404
Total current liabilities	1,024,562	1,756,576
Convertible note payable, net of discount - long term	8,665	38,076
Derivative liability - long term	104,564	270,538
Total liabilities	$ 1,137,791	$ 2,065,190
Commitments and contingencies
Shareholders' equity:
Preferred stock, par value $0.0001; authorized 10,000,000 shares; none issued and outstanding	$ 0	$ 0
Common stock, par value $0.0001; authorized 3,000,000,000 shares; issued and outstanding 2,734,322,836 and 765,194,088 shares at June 30, 2015 and September 30, 2014	273,432	76,520
Additional paid-in capital	105,381,578	101,080,306
Accumulated other comprehensive loss	(963,696)	(678,598)
Accumulated deficits	(96,013,593)	(90,848,380)
Total shareholders' equity	8,677,721	9,629,848
Total liabilities and shareholders' equity	$ 9,815,512	$ 11,695,038

UNAUDITED CONSOLIDATED BALANCE3

UNAUDITED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Current assets:
Furniture and equipment, accumulated depreciation	$ 426,770	$ 368,587
Shareholder's equity:
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	3,000,000,000	3,000,000,000
Common stock, issued (in shares)	2,734,322,836	765,194,088
Common stock, outstanding (in shares)	2,734,322,836	765,194,088

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Costs and expenses:
General and administrative	$ 685,010	$ 719,943	$ 2,034,178	$ 2,634,430
Exploration expenses	73,000	242,179	520,914	461,933
Depreciation	19,467	14,275	58,183	52,834
Gain on sale of partial interest on sale of concessions	0	0	(239,515)	(2,724,793)
Total costs and expenses	(777,477)	(976,397)	(2,373,760)	(424,404)
Other income and (expenses):
Interest income	1,062	1,592	1,975	3,804
Gain (loss) on mark to market of derivative liabilities	(216,097)	(16,496)	(150,348)	(16,496)
Loss on embedded derivatives	(90,001)	(111,156)	(1,349,261)	(111,156)
Gain on insurance recovery for loss on deposit	0	0	291,280	0
Interest expense	(435,938)	(24,708)	(1,585,099)	(24,708)
Total other income and (expense)	(740,974)	(150,768)	(2,791,453)	(148,556)
Loss before benefit (provision) for income taxes	(1,518,451)	(1,127,165)	(5,165,213)	(572,960)
Benefit (provision) for income taxes:
Current	0	0	0	0
Deferred	0	0	0	0
Total benefit (provision) for income taxes	0	0	0	0
Net loss	$ (1,518,451)	$ (1,127,165)	$ (5,165,213)	$ (572,960)
Net loss per common share -basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares (in shares)	2,284,217,737	764,917,468	1,349,504,099	764,871,996

UNAUDITED CONSOLIDATED STATEME5

UNAUDITED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
UNAUDITED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
Net loss	$ (1,518,451)	$ (1,127,165)	$ (5,165,213)	$ (572,960)
Other comprehensive (loss) income on available for sale securities	(44,352)	251,088	(285,098)	196,254
Other comprehensive loss	$ (1,562,803)	$ (876,077)	$ (5,450,311)	$ (376,706)

UNAUDITED CONSOLIDATED STATEME6

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows From Operating Activities:
Net loss	$ (5,165,213)	$ (572,960)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and depletion expense	58,183	52,834
Compensatory stock options	0	6,957
Loss on embedded derivative	1,349,261	111,156
Loss on change in fair value of derivative	150,348	16,496
Gain on sale of partial interest in Kenya concession	(239,515)	(4,175,966)
Amortization of convertible debt discount	1,229,381	7,307
Amortization of debt issuance cost	160,518	10,955
Stock issued for services	8,400	20,001
Prepaid expenses and other current assets	150,936	(174,444)
Accounts payable and other accrued Liabilities	(150,768)	(569,033)
Net cash used in operating activities	(2,448,469)	(5,266,697)
Cash Flows From Investing Activities:
Purchase of oil and gas concessions	(68,523)	(580,569)
Proceeds from sale of partial interest in Kenya concession	239,515	4,731,608
Proceeds from sale of restricted certificate of deposit	0	2,186,182
Purchase of furniture and equipment	(2,621)	0
Net cash provided by investing activities	168,371	6,337,221
Cash Flows From Financing Activities:
Debt origination costs	0	(86,400)
Proceeds from sale of convertible debt - related party	250,000	0
Proceeds from sale of convertible debt	685,637	561,500
Net cash provided by financing activities	935,637	475,100
Net (decrease) increase in cash and cash equivalents	(1,344,461)	1,545,624
Cash and cash equivalents, beginning of period	2,182,406	1,184,204
Cash and cash equivalents, end of period	837,945	2,729,828
Non-cash investing and financing activities:
Unrealized (loss)gain on investment in Exile Resources	(285,098)	196,255
Non-cash debt origination costs	0	(16,667)
Discount from derivative	724,860	0
Conversion of note payable to common stock - related party	250,000	0
Conversion of note payable to common stock	1,866,966	0
Derivative liabilities extinguished on conversion - related party	432,646	0
Derivative liabilities extinguished on conversion	$ 2,190,172	$ 0

BASIS OF PRESENTATION AND BUSIN

BASIS OF PRESENTATION AND BUSINESS ORGANIZATION	9 Months Ended
	Jun. 30, 2015
BASIS OF PRESENTATION AND BUSINESS ORGANIZATION [Abstract]
BASIS OF PRESENTATION AND BUSINESS ORGANIZATION	NOTE 1 – BASIS OF PRESENTATION AND BUSINESS ORGANIZATION The consolidated financial statements included herein, which have not been audited pursuant to the rules and regulations of the Securities and Exchange Commission, reflect all adjustments which, in the opinion of management, are necessary to present a fair statement of the results for the interim periods on a basis consistent with the annual audited financial statements. All such adjustments are of a normal recurring nature. The results of operations for the interim periods are not necessarily indicative of the results to be expected for an entire year. Certain information, accounting policies and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been omitted pursuant to such rules and regulations, although ERHC Energy Inc. ("ERHC" or the "Company") believes that the disclosures are adequate to make the information presented not misleading. These financial statements should be read in conjunction with the Company's audited financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2014. Recent accounting pronouncements There have been no recently issued accounting pronouncements that have had or are expected to have a material impact on the Company's consolidated financial statements.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Jun. 30, 2015
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 2 – FAIR VALUE OF FINANCIAL INSTRUMENTS The Company adopted new guidance as of October 1, 2008, related to the measurement of the fair value of certain of its financial assets required to be measured on a recurring basis. Under the new guidance, based on the observability of the inputs used in the valuation techniques, the Company is required to provide the following information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: ● Level 1 — Quoted prices in active markets for identical assets or liabilities. ● Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or, other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Interest income on cash and cash equivalents is recognized as earned on the accrual basis. Investments in equity instruments are accounted for as available for sale securities and reported at fair value, determined based on the quoted prices in an active market for identical assets and classified as Level 1 under the Accounting Standards Codification (“ASC”) Topic 820. During the nine months ended June 30, 2015, the Company's investment in the common stock and warrants of OER, a Canadian oil and gas company that trades on the Toronto Stock Exchange (TSX) decreased in value by $285,098. This decrease in value is included as a decrease in stockholders' equity in accumulated other comprehensive income. During the nine months ended June 30, 2015, the Company issued a number of convertible notes payable, and identified derivatives related to these notes. ERHC classifies its derivative liabilities as Level 3 and values them using the methods discussed in Note 5. While the Company believes that its valuation methods are appropriate and consistent with other market participants, it recognizes that the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The primary assumptions that would significantly affect the fair values using the methods discussed in Note 5 are that of volatility and market price of the underlying common stock of the Company. As of June 30, 2015, the Company did not have any derivative instruments that were designated as hedges. The derivative liability as of June 30, 2015, in the amount of $623,593 has a level 3 classification. The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities as of June 30, 2015: Derivative Liability Balance, September 30, 2014 $ 1,021,942 Increase in derivative value due to issuances of convertible promissory notes 724,860 Decrease in derivative value due to convertible promissory notes converted to common stocks (2,622,818 ) Day 1 loss on derivative liabilities 1,349,261 Change in fair market value of derivative liabilities on convertible notes due to the mark to market adjustment 156,246 Change in fair market value of derivative liabilities on tainted warrants due to the mark to market adjustment (5,898 ) Balance, June 30, 2015 $ 623,593

OIL AND GAS CONCESSIONS

OIL AND GAS CONCESSIONS	9 Months Ended
	Jun. 30, 2015
OIL AND GAS CONCESSIONS [Abstract]
OIL AND GAS CONCESSIONS	NOTE 3 – OIL AND GAS CONCESSIONS The following is an analysis of the cost of oil and gas concessions at June 30, 2015 and September 30, 2014: June 30, 2015 September 30, 2014 DRSTP concession $ 3,113,795 $ 3,113,795 Chad concession 2,829,870 2,800,600 Pending concessions in other African countries 131,093 91,840 $ 6,074,758 $ 6,006,235 In October, 2013, the Company entered into a farm-out agreement with CEPSA Kenya Limited, an affiliate of Compañía Española de Petróleos, S.A.U., an international oil and gas company ("CEPSA"). Under the terms of this agreement, the Company assigned and transferred 55% of its participating interest in Kenya Block 11A to CEPSA. In connection with this farm-out, the Company recognized a gain of $239,515 of reimbursement of exploration costs incurred during the nine months ended June 30, 2015. In exchange for the transferred rights, CEPSA will carry the Company's proportionate share of obligations and financial costs under the terms and conditions outlined in the farm-out agreement. The agreement was approved in January 2014 by the Kenyan Government and from February 2014, CEPSA took over from ERHC as operator under the production sharing contract ("PSC") for Kenya Block 11A.

CONVERTIBLE DEBT

CONVERTIBLE DEBT	9 Months Ended
	Jun. 30, 2015
CONVERTIBLE DEBT [Abstract]
CONVERTIBLE DEBT	NOTE 4 – CONVERTIBLE DEBT The Company had the following convertible debt outstanding at June 30, 2015: Lender Date of Agreement Term (Months) Annual Interest Rate Face Value Accrued Interest Discount (c) Net Convertible Note Payable Note Derivative Liability Redwood Fund III 5/15/2014 6 12.00 % $ 40,000 $ 5,917 $ 15,867 $ 30,050 $ 110,132 JSJ Investments #2 9/8/2014 6 12.00 % 7,512 13,414 - 20,926 36,594 Tonaquint, Inc #2 10/7/2014 12 12.00 % 43,177 3,914 14,694 32,397 135,122 Tonaquint, Inc #3 10/7/2014 12 12.00 % 55,000 3,914 45,142 13,772 79,567 JMJ Financial #3 10/22/2014 24 5.83 % 8,900 6,195 12,120 2,975 23,495 LG Capital #2 10/23/2014 12 8.00 % 26,033 1,036 18,209 8,860 78,948 Cardinal Capital Group 11/6/2014 24 12.00 % 43,998 6,192 44,500 5,690 81,069 KBM Worldwide #7 1/13/2015 9 8.00 % 54,000 1,215 - 55,215 - Rock Capital 2/6/2015 12 10.00 % 34,500 501 - 35,001 - Union Capital #3 2/17/2015 12 8.00 % 34,500 318 - 34,818 - Adar Bay #2 2/19/2015 12 8.00 % 42,000 368 - 42,368 - LG Capital #3 3/10/2015 12 8.00 % 52,500 242 49,487 3,255 78,666 $ 441,120 $ 43,226 $ 200,019 $ 285,327 $ 623,593 During the nine months ended June 30, 2015, the Company issued an aggregate of 1,876,093,379 shares of common stock for conversion of convertible debts of $1,616,966 and decrease in derivative value due to conversion of $2,190,172. During the nine months ended June 30, 2015, the Company issued of 92,825,369 shares of common stock to its related party for conversion of convertible debts of $250,000 and decrease in derivative value due to conversion of $432,646. The Company issued convertible notes payable that provide for the issuance of convertible notes with variable conversion provisions. Pursuant to ASC 815-15 Embedded Derivatives, the fair values of the variable conversion option and warrants and shares to be issued were recorded as derivative liabilities once the note becomes convertible on the 180 days after the effective date. The following table summarizes conversion terms of the notes outstanding at June 30, 2015: Lender Date of Agreement Term Of Conversion Eligible for Conversion Redwood Fund III May 15, 2014 Conversion Price shall be 55% of the lowest traded price, determined on the then current trading market for the Company’s common stock, for 20 trading days prior to conversion. 180 after the effective dates JMJ Financial October 27, 2014 Conversion Price shall be lesser of $0.06 or 60% of lowest trade price in the 25 trading days previous to conversion. 180 after the effective dates KBM Worldwide January 13, 2015 Conversion Price shall be equal 61% multiplied by the average of the lowest three 3 trading prices for the Common Stock during the 10 trading day period ending on the latest complete trading day prior to the Conversion Date. 180 after the effective date JSJ Investments September 8, 2014 Conversion Price shall be 40% discount to the average of the three lowest trades on the previous 20 trading days to the date of Conversion, or 40% discount to the average of the three lowest trades on the previous 20 trading days that would have been obtained if the conversion were to be made on the date this note was executed. 180 after the effective date Tonaquint, Inc October 7, 2014 Conversion price shall be 65% (the “Conversion Factor”) of the lowest intra-day trade price of Borrower’s common stock (“Common Stock”) in the twenty-five (25) Trading Days immediately preceding the Conversion . 180 after the effective date LG Capital #2 October 23, 2014 Conversion price shall be 50% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. 180 after the effective date Cardinal Capital Group November 6, 2014 Conversion price shall equal the lesser of (a) $0.05 or (b) 60% of the lowest trade occurring during the twenty five (25) consecutive Trading Days immediately preceding the applicable Conversion Date on which the Holder elects to convert all or part of this Note, subject to adjustment as provided in this Note. 180 after the effective date Rock Capital February 6, 2015 Conversion price shall equal be 55% of the lowest closing bid price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of Conversion is delivered by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to include the same day closing price). 180 after the effective date Union Capital February 17, 2015 Conversion price shall equal be 55% of the lowest closing bid price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of Conversion is delivered by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to include the same day closing price). 180 after the effective dates Adar Bay February 19, 2015 Conversion price shall equal be 50% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. 180 after the effective date LG Capital #3 March 10, 2015 Conversion price shall equal be 60% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. 180 after the effective date As of June 30, 2015, Company recorded the following deferred origination costs related to the convertible notes: Lender Date of Agreement Transaction Costs Legal and Other Debt Origination Costs Initial Deferred Origination Costs Amortization Net Deferred Debt Origination Costs Tonaquint, Inc #2 10/7/2014 $ 5,000 $ 5,000 $ 10,000 $ 1,811 $ 8,189 Tonaquint, Inc #3 10/7/2014 5,000 5,000 10,000 1,811 8,189 JMJ Financial #3 10/22/2014 5,000 - 5,000 - 5,000 LG Capital #2 10/23/2014 5,000 2,500 7,500 5,000 2,500 Cardinal Capital Group 11/6/2014 5,000 5,000 10,000 480 9,520 KBM Worldwide #7 1/13/2015 3,000 1,500 4,500 - 4,500 Rock Capital 2/6/2015 4,500 1,000 5,500 189 5,311 Union Capital #3 2/17/2015 4,500 1,500 6,000 - 6,000 Adar Bay #2 2/19/2015 2,000 1,500 3,500 - 3,500 LG Capital #3 3/10/2015 2,500 1,500 4,000 752 3,248 Various Various - 52,500 52,500 29,615 22,885 $ 41,500 $ 77,000 $ 118,500 $ 39,658 $ 78,842

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	9 Months Ended
	Jun. 30, 2015
DERIVATIVE LIABILITIES [Abstract]
DERIVATIVE LIABILITIES	NOTE 5 – DERIVATIVE LIABILITIES As described in Notes 4 and 6, the Company has identified embedded derivatives in notes payables and outstanding warrants. The fair value of the embedded derivatives related to the convertible notes payable, comprising conversion feature with the reset provisions and the default provisions, at issuance and June 30, 2015 was determined using the multinomial lattice models that value the derivative liability based on a probability weighted discounted cash flow model. These models are based on future projections of the various potential outcomes and utilize the following assumptions: · The stock price would fluctuate with the Company projected volatility; · The Derivative Convertible Notes (held by JMJ Financial, LG Capital, Adar Bay, Vista Capital Investment, Tonaquint Inc., KBM Worldwide, JSJ Investments, Iconic Holding LLC, Union Capital, Auctus Private, Redwood Fund III, Cardinal Capital Group, Inc. and Chrome Oil Service Limited ) convert at 40% 60% · An event of default would occur initially 0% of the time, increasing 1.00% per month until it reaches 10%; · The projected volatility curve for each valuation period was based on the historical volatility of the Company, ranging between 137% and 200%; · The Company would redeem the notes initially at 0% of the time, and increase monthly by 1.00% to a maximum of 5.00%; · The holders of the notes would automatically convert the notes at the maximum of two times the conversion price if the Company is not in default, with the target conversion price dropping as maturity approaches; and · The Holder would convert the note early after 0-90-180 days and at maturity if the registration was effective and the Company was not in default. As discussed in Note 4, the Company issued convertible notes payable that provide for the issuance of convertible notes with variable conversion provisions. The conversion terms of the convertible notes are variable based on certain factors, such as the future price of the Company’s common stock. The number of shares of common stock to be issued is based on the future price of the Company’s common stock. The number of shares of common stock issuable upon conversion of the promissory note is indeterminate. Due to the fact that the number of shares of common stock issuable could exceed the Company’s authorized share limit, the equity environment is tainted and all additional convertible debentures and warrants are included in the value of the derivative. Pursuant to ASC 815-15 Embedded Derivatives, the fair values of the variable conversion option and warrants and shares to be issued were recorded as derivative liabilities on the issuance date. The fair value of the embedded derivatives related to the tainted outstanding warrants, comprising exercise feature with the full ratchet reset, at June 30, 2015 was determined using the lattice models that value the derivative liability based on a probability weighted discounted cash flow model. These models are based on future projections of the various potential outcomes and utilize the following assumptions: · The stock price would fluctuate with the Company projected volatility; · The stock price would fluctuate with an annual volatility. The projected volatility curve for each valuation period was based on the historical volatility of the Company, ranging between 103% and 105%; · The Holder would exercise the warrant as they become exercisable at target prices of two times · The Warrants with the $0.355; $0.28; and $0.275 exercise prices are fixed and not projected to adjust; and · No warrants have expired in this period ending June 30, 2015. The accounting treatment of derivative financial instruments requires that the Company record fair value of the derivatives as of the inception date and to fair value as of each subsequent reporting date which at June 30, 2015 was an aggregate of $623,593. During the nine months ended June 30, 2015, the Company recorded an aggregate $150,348 loss on change in fair value of derivative liabilities and a $1,349,261 loss upon recognition of these derivatives. See Note 4 for more information.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Jun. 30, 2015
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	NOTE 6 - STOCKHOLDERS' EQUITY During the nine months ended June 30, 2015, the Company recognized compensation expense of $8,400 related to service granted to the Board of Directors in fiscal year 2014. During the nine months ended June 30, 2015, the Company issued an aggregate of 1,876,093,379 shares of common stock for conversion of convertible debts of $1,616,966 and decrease in derivative value due to conversion of $2,190,172. During the nine months ended June 30, 2015, the Company issued of 92,825,369 shares of common stock to its related party for conversion of convertible debts of $250,000 and decrease in derivative value due to conversion of $432,646. As of June 30, 2015, there are 4,150,000 options outstanding; none of which are exercisable. These options have a weighted average remaining term of six days and an intrinsic value of zero. Unamortized compensation cost related to these options amounted to $0. During the nine months ended June 30, 2015, there were no new warrants granted and none were exercised, cancelled or expired. As of June 30, 2015, the Company has 7,277,729 outstanding and exercisable warrants with a weighted average exercise price and remaining term of $0.32 per share and 1.0 years, respectively. As of June 30, 2015, these warrants have an intrinsic value of zero.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jun. 30, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7 – COMMITMENTS AND CONTINGENCIES Republic of Kenya Concession Fees and Other Financial Commitments On June 28, 2012, ERHC entered into a production sharing contract ("PSC") with the Government of the Republic of Kenya for certain land based hydrocarbon exploration and production of Block 11A located in northwestern Kenya. In October, 2013, the Company entered into a farm-out agreement with CEPSA Kenya Limited, an affiliate of Compañía Española de Petróleos, S.A.U., an international oil and gas company ("CEPSA"). Under the terms of this agreement, the Company assigned and transferred 55% of its participating interest in Kenya Block 11A to CEPSA. In exchange for the transferred rights, CEPSA will carry the Company's proportionate share of obligations and financial costs under the terms and conditions outlined in the farm-out agreement. The agreement was approved in January 2014 by the Kenyan Government and from February 2014, CEPSA took over from ERHC as operator under the production sharing contract ("PSC") for Kenya Block 11A. Republic of Chad Concession Fees and Other Financial Commitments On June 30, 2011, ERHC entered into a production sharing contract ("PSC") with Chad for certain onshore hydrocarbon exploration and development. In September 2013, the Ministry of Energy and Petroleum of Chad approved ERHC's application to voluntarily relinquish two of the three Blocks covered by the PSC. As of June 30, 2015, ERHC has paid or incurred: a. $2,000,000 as the entire signature bonus b. $320,600 in advisers' and ancillary costs related to the PSC c. $480,000 as legal fees and costs for the drafting and negotiation of the PSC, as provided for in the PSC d. $190,872 as costs of Environmental Impact Study, as provided for in the PSC e. $448,000 on Aeromagnetic data acquisition survey, in fulfilment of work program obligations under the PSC Insurance recovery for loss on Certificates of Deposit During the years ended September 30, 2010 and 2009, the Company recognized losses on certificates of deposit of $1,058,579 and $4,234,317 to record the certificates at their estimated net realizable basis, based on the fact that certain restrictions were placed on the investment and a receiver was appointed to takeover the institution and the Company had filed an insurance claim for recovery of these losses. During the nine months ended June 30, 2015,

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Jun. 30, 2015
SUBSEQUENT EVENT [Abstract]
SUBSEQUENT EVENT	NOTE 8 – SUBSEQUENT EVENT On June 9, 2015, JSJ Investments submitted a conversion notice to convert its remaining principal and interest under the Note into 47,604,256 shares of the Company’s common stocks. On July 14, 2015, the Company and JSJ investment entered that certain settlement agreement and release, with two separate issuances of 47,604,256 and 6,000,000 of the Company’s common stocks; a total of 53,604,256 shares of the Company’s common stock were issued on July 16, 2015. On July 23, 2015 JSJ, Investments converted its principle balance of $54,160 into 74,395,744 shares of the Company’s common stock. Subsequent to June 30, 2015, the Company received $707,000 from insurance recovery related to its loss on certificate deposit in 2009. Management has evaluated all subsequent events through August 14, 2015, which is the date the financial statements were available to be issued, and has concluded that there are no more significant events to be reported.

BASIS OF PRESENTATION AND BUS15

BASIS OF PRESENTATION AND BUSINESS ORGANIZATION (Policies)	9 Months Ended
	Jun. 30, 2015
BASIS OF PRESENTATION AND BUSINESS ORGANIZATION [Abstract]
Recent Accounting Pronouncements	Recent accounting pronouncements There have been no recently issued accounting pronouncements that have had or are expected to have a material impact on the Company's consolidated financial statements.

FAIR VALUE OF FINANCIAL INSTR16

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Jun. 30, 2015
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
Summary of changes in fair value of the Company's Level 3 financial liabilities	The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities as of June 30, 2015: Derivative Liability Balance, September 30, 2014 $ 1,021,942 Increase in derivative value due to issuances of convertible promissory notes 724,860 Decrease in derivative value due to convertible promissory notes converted to common stocks (2,622,818 ) Day 1 loss on derivative liabilities 1,349,261 Change in fair market value of derivative liabilities on convertible notes due to the mark to market adjustment 156,246 Change in fair market value of derivative liabilities on tainted warrants due to the mark to market adjustment (5,898 ) Balance, June 30, 2015 $ 623,593

OIL AND GAS CONCESSIONS (Tables

OIL AND GAS CONCESSIONS (Tables)	9 Months Ended
	Jun. 30, 2015
OIL AND GAS CONCESSIONS [Abstract]
Analysis of Cost of Oil and Gas Concessions	The following is an analysis of the cost of oil and gas concessions at June 30, 2015 and September 30, 2014: June 30, 2015 September 30, 2014 DRSTP concession $ 3,113,795 $ 3,113,795 Chad concession 2,829,870 2,800,600 Pending concessions in other African countries 131,093 91,840 $ 6,074,758 $ 6,006,235

CONVERTIBLE DEBT (Tables)

CONVERTIBLE DEBT (Tables)	9 Months Ended
	Jun. 30, 2015
CONVERTIBLE DEBT [Abstract]
Convertible debt outstanding	The Company had the following convertible debt outstanding at June 30, 2015: Lender Date of Agreement Term (Months) Annual Interest Rate Face Value Accrued Interest Discount (c) Net Convertible Note Payable Note Derivative Liability Redwood Fund III 5/15/2014 6 12.00 % $ 40,000 $ 5,917 $ 15,867 $ 30,050 $ 110,132 JSJ Investments #2 9/8/2014 6 12.00 % 7,512 13,414 - 20,926 36,594 Tonaquint, Inc #2 10/7/2014 12 12.00 % 43,177 3,914 14,694 32,397 135,122 Tonaquint, Inc #3 10/7/2014 12 12.00 % 55,000 3,914 45,142 13,772 79,567 JMJ Financial #3 10/22/2014 24 5.83 % 8,900 6,195 12,120 2,975 23,495 LG Capital #2 10/23/2014 12 8.00 % 26,033 1,036 18,209 8,860 78,948 Cardinal Capital Group 11/6/2014 24 12.00 % 43,998 6,192 44,500 5,690 81,069 KBM Worldwide #7 1/13/2015 9 8.00 % 54,000 1,215 - 55,215 - Rock Capital 2/6/2015 12 10.00 % 34,500 501 - 35,001 - Union Capital #3 2/17/2015 12 8.00 % 34,500 318 - 34,818 - Adar Bay #2 2/19/2015 12 8.00 % 42,000 368 - 42,368 - LG Capital #3 3/10/2015 12 8.00 % 52,500 242 49,487 3,255 78,666 $ 441,120 $ 43,226 $ 200,019 $ 285,327 $ 623,593
Summary of conversion terms of the notes outstanding	The following table summarizes conversion terms of the notes outstanding at June 30, 2015: Lender Date of Agreement Term Of Conversion Eligible for Conversion Redwood Fund III May 15, 2014 Conversion Price shall be 55% of the lowest traded price, determined on the then current trading market for the Company’s common stock, for 20 trading days prior to conversion. 180 after the effective dates JMJ Financial October 27, 2014 Conversion Price shall be lesser of $0.06 or 60% of lowest trade price in the 25 trading days previous to conversion. 180 after the effective dates KBM Worldwide January 13, 2015 Conversion Price shall be equal 61% multiplied by the average of the lowest three 3 trading prices for the Common Stock during the 10 trading day period ending on the latest complete trading day prior to the Conversion Date. 180 after the effective date JSJ Investments September 8, 2014 Conversion Price shall be 40% discount to the average of the three lowest trades on the previous 20 trading days to the date of Conversion, or 40% discount to the average of the three lowest trades on the previous 20 trading days that would have been obtained if the conversion were to be made on the date this note was executed. 180 after the effective date Tonaquint, Inc October 7, 2014 Conversion price shall be 65% (the “Conversion Factor”) of the lowest intra-day trade price of Borrower’s common stock (“Common Stock”) in the twenty-five (25) Trading Days immediately preceding the Conversion . 180 after the effective date LG Capital #2 October 23, 2014 Conversion price shall be 50% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. 180 after the effective date Cardinal Capital Group November 6, 2014 Conversion price shall equal the lesser of (a) $0.05 or (b) 60% of the lowest trade occurring during the twenty five (25) consecutive Trading Days immediately preceding the applicable Conversion Date on which the Holder elects to convert all or part of this Note, subject to adjustment as provided in this Note. 180 after the effective date Rock Capital February 6, 2015 Conversion price shall equal be 55% of the lowest closing bid price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of Conversion is delivered by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to include the same day closing price). 180 after the effective date Union Capital February 17, 2015 Conversion price shall equal be 55% of the lowest closing bid price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of Conversion is delivered by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to include the same day closing price). 180 after the effective dates Adar Bay February 19, 2015 Conversion price shall equal be 50% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. 180 after the effective date LG Capital #3 March 10, 2015 Conversion price shall equal be 60% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. 180 after the effective date
Deferred origination costs related to the convertible notes	As of June 30, 2015, Company recorded the following deferred origination costs related to the convertible notes: Lender Date of Agreement Transaction Costs Legal and Other Debt Origination Costs Initial Deferred Origination Costs Amortization Net Deferred Debt Origination Costs Tonaquint, Inc #2 10/7/2014 $ 5,000 $ 5,000 $ 10,000 $ 1,811 $ 8,189 Tonaquint, Inc #3 10/7/2014 5,000 5,000 10,000 1,811 8,189 JMJ Financial #3 10/22/2014 5,000 - 5,000 - 5,000 LG Capital #2 10/23/2014 5,000 2,500 7,500 5,000 2,500 Cardinal Capital Group 11/6/2014 5,000 5,000 10,000 480 9,520 KBM Worldwide #7 1/13/2015 3,000 1,500 4,500 - 4,500 Rock Capital 2/6/2015 4,500 1,000 5,500 189 5,311 Union Capital #3 2/17/2015 4,500 1,500 6,000 - 6,000 Adar Bay #2 2/19/2015 2,000 1,500 3,500 - 3,500 LG Capital #3 3/10/2015 2,500 1,500 4,000 752 3,248 Various Various - 52,500 52,500 29,615 22,885 $ 41,500 $ 77,000 $ 118,500 $ 39,658 $ 78,842

FAIR VALUE OF FINANCIAL INSTR19

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
Decrease in stockholders' equity in accumulated other comprehensive income	$ (44,352)	$ 251,088	$ (285,098)	$ 196,254
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Increase (Decrease) in derivative value			150,348	$ 16,496
Warrant [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Change in fair market value of derivative liabilities			150,348
Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at September 30, 2014			1,021,942
Increase (Decrease) in derivative value			1,349,261
Balance, June 30, 2015	$ 623,593		623,593
Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member] | Common Stock [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Increase (Decrease) in derivative value			(2,622,818)
Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member] | Warrant [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Change in fair market value of derivative liabilities			(5,898)
Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Notes [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Increase (Decrease) in derivative value			724,860
Change in fair market value of derivative liabilities			$ 156,246

OIL AND GAS CONCESSIONS (Detail

OIL AND GAS CONCESSIONS (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Analysis of cost of oil and gas concessions [Abstract]
Oil and gas concessions	$ 6,074,758	$ 6,006,235
DRSTP Concession [Member]
Analysis of cost of oil and gas concessions [Abstract]
Oil and gas concessions	3,113,795	3,113,795
Chad Concession [Member]
Analysis of cost of oil and gas concessions [Abstract]
Oil and gas concessions	$ 2,829,870	2,800,600
Kenya Concession [Member]
Analysis of cost of oil and gas concessions [Abstract]
Interest transferred and assigned (in hundredths)	55.00%
Gain on sale of partial interest on sale of concessions	$ 239,515
Pending Concessions in Other African Countries [Member]
Analysis of cost of oil and gas concessions [Abstract]
Oil and gas concessions	$ 131,093	$ 91,840

CONVERTIBLE DEBT (Details)

CONVERTIBLE DEBT (Details)	9 Months Ended
	Jun. 30, 2015USD ($)d$ / sharesshares	Jun. 30, 2014USD ($)
Line of Credit Facility [Line Items]
Face value	$ 441,120
Accrued Interest	43,226
Discount	200,019
Net Convertible Note Payable	285,327
Note Derivative Liability	623,593
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	41,500
Legal and Other Debt Origination Costs	77,000
Initial Deferred Origination Costs	118,500
Amortization	39,658
Net Deferred Debt Origination Costs	78,842
Value of shares issued for convertible debt upon conversion	$ 1,616,966
Number of share issued for convertible debt upon conversion (in shares) | shares	1,876,093,379
Decrease in derivative value due to conversion	$ (2,190,172)	$ 0
Related Party [Member]
Deferred origination costs related to the convertible notes [Abstract]
Value of shares issued for convertible debt upon conversion	$ 250,000
Number of share issued for convertible debt upon conversion (in shares) | shares	92,825,369
Decrease in derivative value due to conversion	$ 432,646
JMJ Financial [Member]
Deferred origination costs related to the convertible notes [Abstract]
Conversion price (in hundredths)	60.00%
Conversion price (in dollars per share) | $ / shares	$ 0.06
Trading days	25 trading days prior to conversion
Calculation period	25 days
Term of Conversion	Conversion Price shall be lesser of $0.06 or 60% of lowest trade price in the 25 trading days previous to conversion.
Eligible for Conversion	180 after the effective dates
Eligible period for conversion	180 days
KBM World wide [Member]
Deferred origination costs related to the convertible notes [Abstract]
Conversion price (in hundredths)	61.00%
Number of trades | d	3
Trading days	10 trading days prior to conversion
Calculation period	10 days
Term of Conversion	Conversion Price shall be equal 61% multiplied by the average of the lowest three 3 trading prices for the Common Stock during the 10 trading day period ending on the latest complete trading day prior to the Conversion Date.
Eligible for Conversion	180 after the effective date
Eligible period for conversion	180 days
Redwood Fund III [Member]
Line of Credit Facility [Line Items]
Date of Agreement	May 15, 2014
Term (Months)	6 months
Annual Interest Rate (in hundredths)	12.00%
Face value	$ 40,000
Accrued Interest	5,917
Discount	15,867
Net Convertible Note Payable	30,050
Note Derivative Liability	$ 110,132
Deferred origination costs related to the convertible notes [Abstract]
Conversion price (in hundredths)	55.00%
Trading days	20 trading days prior to conversion
Calculation period	20 days
Term of Conversion	Conversion Price shall be 55% of the lowest traded price, determined on the then current trading market for the Company’s common stock, for 20 trading days prior to conversion.
Eligible for Conversion	180 after the effective dates
Eligible period for conversion	180 days
Various [Member]
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	$ 0
Legal and Other Debt Origination Costs	52,500
Initial Deferred Origination Costs	52,500
Amortization	29,615
Net Deferred Debt Origination Costs	$ 22,885
Tonaquint, Inc [Member]
Deferred origination costs related to the convertible notes [Abstract]
Conversion price (in hundredths)	65.00%
Trading days	25 trading days prior to conversion
Calculation period	25 days
Term of Conversion	Conversion price shall be 65% (the “Conversion Factor”) of the lowest intra-day trade price of Borrower’s common stock (“Common Stock”) in the twenty-five (25) Trading Days immediately preceding the Conversion .
Eligible for Conversion	180 after the effective date
Eligible period for conversion	180 days
Union Capital [Member]
Deferred origination costs related to the convertible notes [Abstract]
Conversion price (in hundredths)	55.00%
Trading days	20 trading days prior to conversion
Calculation period	20 days
Term of Conversion	Conversion price shall equal be 55% of the lowest closing bid price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of Conversion is delivered by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to include the same day closing price).
Eligible for Conversion	180 after the effective dates
Eligible period for conversion	180 days
JSJ Investments [Member]
Deferred origination costs related to the convertible notes [Abstract]
Conversion price (in hundredths)	60.00%
Number of trades | d	3
Trading days	20 trading days prior to conversion
Calculation period	20 days
Term of Conversion	Conversion Price shall be 40% discount to the average of the three lowest trades on the previous 20 trading days to the date of Conversion, or 40% discount to the average of the three lowest trades on the previous 20 trading days that would have been obtained if the conversion were to be made on the date this note was executed.
Eligible for Conversion	180 after the effective date
Eligible period for conversion	180 days
JSJ Investments 2 [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Sep. 8, 2014
Term (Months)	6 months
Annual Interest Rate (in hundredths)	12.00%
Face value	$ 7,512
Accrued Interest	13,414
Discount	0
Net Convertible Note Payable	20,926
Note Derivative Liability	$ 36,594
Tonaquint, Inc 2 [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Oct. 7, 2014
Term (Months)	12 months
Annual Interest Rate (in hundredths)	12.00%
Face value	$ 43,177
Accrued Interest	3,914
Discount	14,694
Net Convertible Note Payable	32,397
Note Derivative Liability	135,122
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	5,000
Legal and Other Debt Origination Costs	5,000
Initial Deferred Origination Costs	10,000
Amortization	1,811
Net Deferred Debt Origination Costs	$ 8,189
Tonaquint, Inc 3 [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Oct. 7, 2014
Term (Months)	12 months
Annual Interest Rate (in hundredths)	12.00%
Face value	$ 55,000
Accrued Interest	3,914
Discount	45,142
Net Convertible Note Payable	13,772
Note Derivative Liability	79,567
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	5,000
Legal and Other Debt Origination Costs	5,000
Initial Deferred Origination Costs	10,000
Amortization	1,811
Net Deferred Debt Origination Costs	$ 8,189
JMJ Financial 3 [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Oct. 22, 2014
Term (Months)	24 months
Annual Interest Rate (in hundredths)	5.83%
Face value	$ 8,900
Accrued Interest	6,195
Discount	12,120
Net Convertible Note Payable	2,975
Note Derivative Liability	23,495
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	5,000
Legal and Other Debt Origination Costs	0
Initial Deferred Origination Costs	5,000
Amortization	0
Net Deferred Debt Origination Costs	$ 5,000
LG Capital 2 [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Oct. 23, 2014
Term (Months)	12 months
Annual Interest Rate (in hundredths)	8.00%
Face value	$ 26,033
Accrued Interest	1,036
Discount	18,209
Net Convertible Note Payable	8,860
Note Derivative Liability	78,948
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	5,000
Legal and Other Debt Origination Costs	2,500
Initial Deferred Origination Costs	7,500
Amortization	5,000
Net Deferred Debt Origination Costs	$ 2,500
Conversion price (in hundredths)	60.00%
Trading days	20 trading days prior to conversion
Calculation period	20 days
Term of Conversion	Conversion price shall be 50% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company.
Eligible for Conversion	180 after the effective date
Eligible period for conversion	180 days
Cardinal Capital Group [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Nov. 6, 2014
Term (Months)	24 months
Annual Interest Rate (in hundredths)	12.00%
Face value	$ 43,998
Accrued Interest	6,192
Discount	44,500
Net Convertible Note Payable	5,690
Note Derivative Liability	81,069
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	5,000
Legal and Other Debt Origination Costs	5,000
Initial Deferred Origination Costs	10,000
Amortization	480
Net Deferred Debt Origination Costs	$ 9,520
Conversion price (in hundredths)	60.00%
Conversion price (in dollars per share) | $ / shares	$ 0.05
Trading days	25 trading days prior to conversion
Calculation period	25 days
Term of Conversion	Conversion price shall equal the lesser of (a) $0.05 or (b) 60% of the lowest trade occurring during the twenty five (25) consecutive Trading Days immediately preceding the applicable Conversion Date on which the Holder elects to convert all or part of this Note, subject to adjustment as provided in this Note.
Eligible for Conversion	180 after the effective date
Eligible period for conversion	180 days
KBM World Wide7 [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Jan. 13, 2015
Term (Months)	9 months
Annual Interest Rate (in hundredths)	8.00%
Face value	$ 54,000
Accrued Interest	1,215
Discount	0
Net Convertible Note Payable	55,215
Note Derivative Liability	0
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	3,000
Legal and Other Debt Origination Costs	1,500
Initial Deferred Origination Costs	4,500
Amortization	0
Net Deferred Debt Origination Costs	$ 4,500
Rock Capital [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Feb. 6, 2015
Term (Months)	12 months
Annual Interest Rate (in hundredths)	10.00%
Face value	$ 34,500
Accrued Interest	501
Discount	0
Net Convertible Note Payable	35,001
Note Derivative Liability	0
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	4,500
Legal and Other Debt Origination Costs	1,000
Initial Deferred Origination Costs	5,500
Amortization	189
Net Deferred Debt Origination Costs	$ 5,311
Conversion price (in hundredths)	55.00%
Trading days	20 trading days prior to conversion
Calculation period	20 days
Term of Conversion	Conversion price shall equal be 55% of the lowest closing bid price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of Conversion is delivered by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to include the same day closing price).
Eligible for Conversion	180 after the effective date
Eligible period for conversion	180 days
Union Capital 3 [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Feb. 17, 2015
Term (Months)	12 months
Annual Interest Rate (in hundredths)	8.00%
Face value	$ 34,500
Accrued Interest	318
Discount	0
Net Convertible Note Payable	34,818
Note Derivative Liability	0
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	4,500
Legal and Other Debt Origination Costs	1,500
Initial Deferred Origination Costs	6,000
Amortization	0
Net Deferred Debt Origination Costs	$ 6,000
Adar Bay 2 [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Feb. 19, 2015
Term (Months)	12 months
Annual Interest Rate (in hundredths)	8.00%
Face value	$ 42,000
Accrued Interest	368
Discount	0
Net Convertible Note Payable	42,368
Note Derivative Liability	0
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	2,000
Legal and Other Debt Origination Costs	1,500
Initial Deferred Origination Costs	3,500
Amortization	0
Net Deferred Debt Origination Costs	$ 3,500
Adar Bay [Member]
Deferred origination costs related to the convertible notes [Abstract]
Conversion price (in hundredths)	50.00%
Trading days	20 trading days prior to conversion
Calculation period	20 days
Term of Conversion	Conversion price shall equal be 50% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company.
Eligible for Conversion	180 after the effective date
Eligible period for conversion	180 days
LG Capital 3 [Member]
Line of Credit Facility [Line Items]
Date of Agreement	Mar. 10, 2015
Term (Months)	12 months
Annual Interest Rate (in hundredths)	8.00%
Face value	$ 52,500
Accrued Interest	242
Discount	49,487
Net Convertible Note Payable	3,255
Note Derivative Liability	78,666
Deferred origination costs related to the convertible notes [Abstract]
Transaction Costs	2,500
Legal and Other Debt Origination Costs	1,500
Initial Deferred Origination Costs	4,000
Amortization	752
Net Deferred Debt Origination Costs	$ 3,248
Conversion price (in hundredths)	60.00%
Trading days	20 trading days prior to conversion
Calculation period	20 days
Term of Conversion	Conversion price shall equal be 60% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company.
Eligible for Conversion	180 after the effective date
Eligible period for conversion	180 days

DERIVATIVE LIABILITIES (Details

DERIVATIVE LIABILITIES (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2015USD ($)Time$ / shares	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)Time$ / shares	Jun. 30, 2014USD ($)
Derivative [Line Items]
Fair value of the derivatives	$ 623,593		$ 623,593
Loss on embedded derivatives	$ 90,001	$ 111,156	$ 1,349,261	$ 111,156
Convertible Notes [Member]
Derivative [Line Items]
Initial percentage of event of default (in hundredths)	0.00%		0.00%
Increasing percentage of event of default (in hundredths)	1.00%		1.00%
Maximum percentage of event of default (in hundredths)	10.00%		10.00%
Initial percentage of redemption of notes (in hundredths)	0.00%		0.00%
Increasing percentage of redemption of notes (in hundredths)	1.00%		1.00%
Maximum percentage of redemption of notes (in hundredths)	5.00%		5.00%
Multiplier of conversion price to convert notes, maximum | Time	2		2
Conversion period one to convert notes
Conversion period two to convert notes			90 days
Conversion period three to convert notes			180 days
Convertible Notes [Member] | Minimum [Member]
Derivative [Line Items]
Percentage of conversion of notes specified on market price (in hundredths)	40.00%		40.00%
Percentage of projected volatility curve (in hundredths)	137.00%		137.00%
Convertible Notes [Member] | Maximum [Member]
Derivative [Line Items]
Percentage of conversion of notes specified on market price (in hundredths)	60.00%		60.00%
Percentage of projected volatility curve (in hundredths)	200.00%		200.00%
Warrants [Member]
Derivative [Line Items]
Warrant exercise price one (in dollars per share) | $ / shares	$ 0.355		$ 0.355
Warrant exercise price two (in dollars per share) | $ / shares	0.28		0.28
Warrant exercise price three (in dollars per share) | $ / shares	$ 0.275		$ 0.275
Fair value of the derivatives	$ 623,593		$ 623,593
Gain on change in fair value of derivative liabilities			$ 150,348
Multiplier of higher of the projected reset price or stock price to calculate warrant exercise price | Time	2		2
Loss on embedded derivatives			$ 1,349,261
Warrants [Member] | Minimum [Member]
Derivative [Line Items]
Percentage of projected volatility curve (in hundredths)	103.00%		103.00%
Warrants [Member] | Maximum [Member]
Derivative [Line Items]
Percentage of projected volatility curve (in hundredths)	105.00%		105.00%

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Stockholders' Equity [Abstract]
Share-based compensation expense	$ 8,400
Shares granted (in shares)	4,150,000
Intrinsic value	$ 0
Unamortized compensation cost	$ 0
Weighted average remaining contractual term	6 days
Aggregate number of shares of common stock issued for conversion (in shares)	1,876,093,379
Decrease in derivative value due to conversion	$ (2,190,172)	$ 0
Related Party [Member]
Stockholders' Equity [Abstract]
Aggregate number of shares of common stock issued for conversion (in shares)	92,825,369
Decrease in derivative value due to conversion	$ 432,646
Warrants [Member]
Class of Warrant or Right [Line Items]
Granted (in shares)	0
Exercised (in shares)	0
Cancelled or expired (in shares)	0
Outstanding and exercisable warrants at end of period (in shares)	7,277,729
Weighted average exercise price (in dollars per share)	$ 0.32
Remaining term of warrants	1 year
Warrants price intrinsic value	$ 0
Common Stock [Member]
Stockholders' Equity [Abstract]
Aggregate number of shares of common stock issued for conversion (in shares)	1,876,093,379
Total value of convertible debt upon conversion	$ 1,616,966
Decrease in derivative value due to conversion	$ 2,190,172
Common Stock [Member] | Related Party [Member]
Stockholders' Equity [Abstract]
Aggregate number of shares of common stock issued for conversion (in shares)	92,825,369
Total value of convertible debt upon conversion	$ 250,000
Decrease in derivative value due to conversion	$ 432,646

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	Oct. 31, 2013	Sep. 30, 2013Block	Jun. 30, 2015USD ($)	Sep. 30, 2010USD ($)	Sep. 30, 2009USD ($)
JDZ 5 [Member]
Loss Contingencies [Line Items]
Working interest awarded in mining concessions (in hundredths)			15.00%
JDZ 6 [Member]
Loss Contingencies [Line Items]
Working interest awarded in mining concessions (in hundredths)			15.00%
Insurance Settlement [Member]
Insurance recovery for loss on Certificates of Deposit [Abstract]
Gain (Loss) on Investments				$ 1,058,579	$ 4,234,317
Insurance recovery for loss on certificates of deposit			$ 291,280
Kenya Concession [Member]
Loss Contingencies [Line Items]
Transfer of interest in Kenya Block 11A to the Kenya farm-out partner (in hundredths)	55.00%
Chad Concession [Member]
Loss Contingencies [Line Items]
Number of blocks relinquished under production sharing contract | Block		2
Number of blocks under production sharing contract | Block		3
Signature bonus commitment paid or incurred			2,000,000
Professional fees			320,600
Legal fees			480,000
Environmental cost			190,872
Aeromagnetic cost			$ 448,000

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details)	Jul. 23, 2015USD ($)shares	Jul. 14, 2015Issuanceshares	Jun. 09, 2015shares	Jun. 30, 2015USD ($)shares	Sep. 30, 2014shares	Jul. 16, 2014shares
Subsequent Event [Line Items]
Common stock, issued (in shares)				2,734,322,836	765,194,088
Subsequent Event [Member]
Subsequent Event [Line Items]
Insurance recovery for loss on certificates of deposit | $				$ 707,000
Subsequent Event [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Conversion of note payable to common stock (in shares)	74,395,744		47,604,256
Number of Separate Stock Issuances | Issuance		2
Common stock, issued (in shares)						53,604,256
Principle balance of investment converted | $	$ 54,160
Subsequent Event [Member] | Common Stock [Member] | Issuance One [Member]
Subsequent Event [Line Items]
Common stock, issued (in shares)		47,604,256
Subsequent Event [Member] | Common Stock [Member] | Issuance Two [Member]
Subsequent Event [Line Items]
Common stock, issued (in shares)		6,000,000