ERHC Energy (ERHE) 10-Q 21 Feb 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2016	Jan. 31, 2017
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		2,085,083,052
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2016

UNAUDITED CONSOLIDATED BALANCE

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Current assets:
Cash and cash equivalents	$ 258,210	$ 439,544
Account receivable	15,479	0
Prepaid expenses and other	29,505	29,505
Total current assets	303,194	469,049
Oil and gas properties and concession fees	5,173,819	5,173,819
Concession fees Proved properties	385,000	510,000
Furniture and equipment, net of accumulated depreciation of $519,540 and $509,894 at December 31, 2016 and September 30, 2016, respectively	60,435	70,081
Total assets	5,922,448	6,222,949
Current liabilities:
Accounts payable and accrued liabilities	10,070,034	9,273,608
Accounts payable - related parties	139,375	100,438
Income tax payable	2,739,607	2,739,607
Convertible note payable, net of discount - short term	42,786	181,535
Derivative liability	682,988	770,854
Total current liabilities	13,674,790	13,066,042
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 972.769,883 and 47,479,975 shares at December 31, 2016 and September 30, 2016, respectively	97,277	4,748
Additional paid-in capital	108,371,019	107,436,940
Accumulated deficits	(116,220,638)	(114,284,781)
Total shareholders' deficits	(7,752,342)	(6,843,093)
Total liabilities and shareholders' equity	$ 5,922,448	$ 6,222,949

UNAUDITED CONSOLIDATED BALANCE3

UNAUDITED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Current assets:
Furniture and equipment, accumulated depreciation	$ 519,540	$ 509,894
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)	972,769,883	972,769,883
Common stock, outstanding (in shares)	47,479,975	47,479,975

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Revenue	$ 36,330	$ 0
Costs and expenses:
General and administrative	465,873	576,440
Exploration expenses	746,563	405,484
Depreciation	9,646	18,555
Gain on sale of interest in oil and gas concession, net	0	(657,806)
Total costs and expenses	1,222,082	342,673
Loss from operations	1,185,752	342,673
Other income and (expenses):
Interest income	37	232
Gain on MTM of derivative liability	30,233	112,384
Loss on embedded derivative	(495,837)	0
Loss on debt conversions	(79,745)	0
Interest expense	(204,793)	(81,147)
Total other income and (expense)	(750,105)	31,469
Loss before benefit (provision) for income taxes	(1,935,857)	(311,204)
Benefit (provision) for income taxes:
Current	0	0
Deferred	0	0
Total benefit (provision) for income taxes	0	0
Net loss	$ (1,935,857)	$ (311,204)
Net loss per common share -basic and diluted (in dollars per share)	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding - basic and diluted (in shares)	256,079,013	29,624,511

UNAUDITED CONSOLIDATED STATEME5

UNAUDITED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
UNAUDITED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
Net loss	$ (1,935,857)	$ (311,204)
Other comprehensive income - unrealized gain on available for sale securities	0	236,464
Total other comprehensive loss	$ (1,935,857)	$ (74,740)

UNAUDITED CONSOLIDATED STATEME6

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash Flows From Operating Activities:
Net loss	$ (1,935,857)	$ (311,204)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and depletion expense	9,646	18,555
Loss on embedded derivative	495,837	0
Loss on debt conversions	79,745	0
Gain on change in fair value of derivatives	(30,233)	(112,384)
Gain on sale of interest in oil and gas concessions, net	0	(657,806)
Amortization of convertible debt discount	181,120	65,808
Amortization of debt issuance cost	14,270	3,931
Changes in operating assets and liabilities:
Account receivable	(15,479)	0
Prepaid expenses and other current assets	0	8,415
Accounts payable and other accrued liabilities	771,205	(766,349)
Accounts payable - related parties	38,937	0
Net cash used in operating activities	(390,809)	(1,751,034)
Cash Flows From Investing Activities:
Purchase of furniture and equipment	0	(1,000)
Return payment from purchase of oil gas property	125,000	0
Proceeds from sale of interest in oil and gas concession	0	1,500,000
Net cash provided by investing activities	125,000	1,499,000
Cash Flows From Financing Activities:
Principal payment on convertible debt	0	(26,033)
Proceeds from convertible debt	84,475	0
Net cash (used) provided by financing activities	84,475	(26,033)
Net decrease in cash and cash equivalents	(181,334)	(278,067)
Cash and cash equivalents, beginning of period	439,544	757,313
Cash and cash equivalents, end of period	258,210	479,246
Non-cash investing and financing activities:
Unrealized gain in Investment Oando Energy Resources	0	236,464
Discount from derivative	590,837	0
Conversion of note payable to common stock	378,138	27,841
Derivative liabilities extinguished on conversion	$ 648,470	$ 80,038

BASIS OF PRESENTATION AND BUSIN

BASIS OF PRESENTATION AND BUSINESS ORGANIZATION	3 Months Ended
	Dec. 31, 2016
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, 2016. 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. Going Concern The accompanying financial statements have been prepared on the basis that the Company will continue as a going concern which contemplates the realization of assets and the satisfaction of liabilities in the ordinary and usual course of business. As of December 31, 2016, the Company has a working capital deficit and negative cash flows from operating activities. The Company also has significant tax arrears which resulted from a deduction disallowance made by an IRS audit of ERHC’s 2006 return, which audit lasted nearly seven years and has been previously disclosed. There is an outstanding IRS lien imposed on ERHC in Harris County, Texas in consequence. Furthermore, the Company is in significant arrears of cash calls relating to the company’s proportionate share of drilling costs (beyond operator-carried expenses) on the Tarach-1 well in Kenya Block 11A. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on raising additional capital to fund ongoing exploration projects and ultimately on attaining future profitable operations. The Company is continuing with its plan to further see k new opportunity for farm-out its assets in Kenya, Chad and the Săo Tomé and Príncipe Exclusive Economic Zone. Management believes that the Company’s current operating strategy will provide the opportunity for the Company to continue as a going concern as Reclassifications Certain amounts in the financial statements as of and for the year ended September 30, 2016 have been reclassified to conform with the December 31, 2016 presentation. Such reclassifications have no impact on net loss, shareholders’ equity or cash flows as previously reported.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Dec. 31, 2016
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 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 ASC 820. 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 6. 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 6 are that of volatility and market price of the underlying common stock of the Company. As of December 31, 2016, the Company did not have any derivative instruments that were designated as hedges. The derivative liability as of December 31, 2016, in the amount of $682,988 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 December 31, 2016: Derivative Liability Balance at September 30, 2016 $ 770,854 Increase in derivative value due to issuances of convertible promissory notes 590,837 Decrease in derivative value due to convertible promissory notes converted to common stocks (648,470 ) Change in fair market value of derivative liabilities on convertible notes due to the mark to market adjustment (30,233 ) Balance at December 31, 2016 $ 682,988

ACCOUNT RECEIVABLES

ACCOUNT RECEIVABLES	3 Months Ended
	Dec. 31, 2016
ACCOUNT RECEIVABLES [Abstract]
ACCOUNT RECEIVABLES	NOTE 3 – ACCOUNT RECEIVABLES From October, 2016, the Company started to generate revenue from its new acquired oil and gas properties in Texas. During the three months ended December 31, 2016, the revenue from sales of oil and gas was $36,330. As of December 31, 2016 and September 30, 2016, the Company account receivable from sales of oil and gas was $15,479 and $0, respectively.

OIL AND GAS PROPERTIES AND CONC

OIL AND GAS PROPERTIES AND CONCESSION FEES	3 Months Ended
	Dec. 31, 2016
OIL AND GAS CONCESSIONS [Abstract]
OIL AND GAS CONCESSIONS	NOTE 4 – OIL AND GAS PROPERTIES AND CONCESSION FEES The following is an analysis of the cost of oil and gas concessions at December 31, 2016 and September 30, 2016: December 31, 2016 September 30, 2016 DRSTP concession $ 2,271,600 $ 2,271,600 Chad concession 2,800,600 2,800,600 Pending concessions in other African countries 101,619 101,619 Total Concession fees $ 5,173,819 $ 5,173,819 The following is an analysis of change in proved properties as of December 31, 2016: Proved Properties Balance at September 30, 2016 $ 510,000 Return of funds deposited (125,000 ) Depletion and amortization - Total Concession fees $ 385,000 During the year ended September 30, 2016, NewStar Oil and Gas Company, a wholly- owned subsidiary of ERHC purchased three small producing oil and gas wells in Ganado, Jackson County, Texas. However, during the three months ended December 31, 2016, the Company received a return of portion of funds deposited $125,000, after the seller decided to sell only two of the wells due to rise in oil and gas prices. At December 31, 2016, NewStar applied for and was granted an Operatorship License by the Texas Railroad commission. During the three months ended December 31, 2016, the Company did not record depletion and amortization expense for its wells due to limited operations data and reserve report not available as of December 31, 2016. The Company believes the depletion and amortization expense to be immaterial at December 31, 2016 and will provide the expense at the year end with reserve information become available.

CONVERTIBLE DEBT

CONVERTIBLE DEBT	3 Months Ended
	Dec. 31, 2016
CONVERTIBLE DEBT [Abstract]
CONVERTIBLE DEBT	NOTE 5 – CONVERTIBLE DEBT The Company had the following convertible debt outstanding at December 31, 2016: Lender Date of Agreement Term (Months) Annual Interest rate Outstanding balance Accrued Interest at Reporting date Deferred debt origination costs Discount Net Convertible Note payable Note Derivative Liability Union Capital #4 4/12/2016 12 8 % $ 7,375 $ - $ 2,830 $ 10,743 $ (6,198 ) $ 14,628 Auctus Private Equity Fund 4/27/2016 12 10 % 28,212 47 428 6,693 21,138 57,142 Black Mountain Equities. 5/20/2016 12 8 % 40,500 1,318 674 36,691 4,453 84,059 Rock Capital #2 5/26/2016 12 10 % 53,088 - 2,583 50,595 (90 ) 119,921 Crown Bridge Partners 6/2/2016 12 8 % 26,525 2,406 423 23,032 5,476 72,549 Toledo Advisors 6/22/2016 12 10 % 61,000 52 762 53,133 7,157 169,322 LG Capital 8/23/2016 12 8 % 32,000 895 - 29,415 3,480 47,265 Auctus Private Equity Fund 2 9/22/2016 9 10 % 58,750 1,600 - 52,980 7,370 118,102 $ 307,450 $ 6,318 $ 7,700 $ 263,282 $ 42,786 $ 682,988 The Company had the following convertible debt outstanding at September 30, 2016: Lender Date of Agreement Term (Months) Annual Interest rate Outstanding balance Accrued Interest at Reporting date Deferred debt origination costs Discount Net Convertible Note payable Note Derivative Liability JMJ Financial #4 3/9/2016 12 8 % $ 39,416 $ - $ - $ 37,114 $ 2,302 $ 74,913 Adar Bay 3/10/2016 12 8 % 32,000 2,000 1,544 22,863 9,593 71,087 Union Capital #4 4/12/2016 12 8 % 50,000 1,732 2,126 - 49,606 - Auctus Private Equity Fund 4/27/2016 12 10 % 54,250 2,318 1,839 46,757 7,972 137,157 Black Mountain Equities. 5/20/2016 12 8 % 51,500 926 4,131 - 48,295 - Rock Capital #2 5/26/2016 12 10 % 55,125 529 5,950 - 49,704 - Crown Bridge Partners 6/2/2016 12 8 % 53,500 1,407 1,678 45,232 7,997 143,932 Toledo Advisors 6/22/2016 12 10 % 63,000 1,726 2,396 59,309 3,021 168,812 LG Capital 8/23/2016 12 8 % 32,000 250 - 31,033 1,217 43,965 Auctus Private Equity Fund 2 9/22/2016 9 10 % 58,750 119 - 57,041 1,828 130,988 $ 489,541 $ 11,007 $ 19,664 $ 299,349 $ 181,535 $ 770,854 During the three months ended December 31, 2016 and 2015, the Company issued an aggregate of 925,289,910 and 514,571, respectively, shares of common stock for conversion of convertible debts of $298,393 and $27,841, respectively, and decrease in derivative value due to conversion of $648,470 and $80,038, respectively. The loss on conversions for three months ended December 31, 2016 and 2015 was $79,745 and $0, respectively. The following table summarizes conversion terms of the notes outstanding at December 31, 2016: Lender Date of Agreement Term Of Conversion Eligible for Conversion Union Capital April 12, 2016 Conversion Price for each share of Common Stock equal to 40% 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 Auctus Private Equity Fund, LLC April 27, 2016 Conversion Price shall equal the lesser of (i) 55% multiplied by the lowest Trading Price (as defined below) (representing a discount rate of 45%) during the previous twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the date of this Note and (ii) the Variable Conversion Price On effective date Black Mountain Equities, Inc. May 20, 2016 Conversion Price shall equal 60% of the lowest trade occurring during the twenty (20) 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. 150 after the effective date Rock Capital May 26, 2016 Conversion Price for each share of Common Stock equal to 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 ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company or its transfer agent 180 after the effective date Crown Bridge Partners LLC June 2, 2016 Variable Conversion Price shall mean 50% multiplied by the Market Price (as defined herein)(representing a discount rate of 50%). “Market Price” means the lowest one (1) Trading Prices (as defined below) for the Common Stock during the twenty (20) Trading Day period ending on the last complete Trading Day prior to the Conversion Date. On effective date Toledo Advisors LLC June 22, 2016 Conversion Price for each share of Common Stock equal to 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 ("Exchange"), for the twenty prior trading days On effective date LG Capital August 23, 2016 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. On effective date Auctus Private Equity Fund 2 September 22, 2016 Conversion Price shall equal the lesser of (i) 55% multiplied by the lowest Trading Price (as defined below) (representing a discount rate of 45%) during the previous twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the date of this Note and (ii) the Variable Conversion Price On effective date

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	3 Months Ended
	Dec. 31, 2016
DERIVATIVE LIABILITIES [Abstract]
DERIVATIVE LIABILITIES	NOTE 6 – DERIVATIVE LIABILITIES As described in Notes 2 and 5, 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 December 31, 2016 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 convert at 40% to 60% of the market prices; · 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 200% and 260%; · The Company would redeem the notes initially 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 2, 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 are included in the value of the derivative. Pursuant to ASC 815-15 Embedded Derivatives, the fair values of the variable conversion option and shares to be issued were recorded as derivative liabilities on the issuance date. 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 December 31, 2016 was an aggregate of $682,988. During the three months ended December 31, 2016, the Company recorded an aggregate $30,233 gain on change in fair value of derivative liabilities. See Note 2 for more information.

INCOME TAX PAYABLE

INCOME TAX PAYABLE	3 Months Ended
	Dec. 31, 2016
INCOME TAX PAYABLE [Abstract]
INCOME TAX PAYABLE	NOTE 7 – INCOME TAX PAYABLE During January 2016, the IRS examination identified certain deductions taken by the Company in its 2006 tax year that were disallowed. The disallowance resulted from stock based compensation expense that the Company had recognized as a deductible expense in its 2006 tax return. The disallowance was the outcome of an Internal Revenue Service audit of ERHC’s 2006 return, which audit lasted nearly seven years and has been previously disclosed. As of December 31, 2016, the income tax payable was in the amount of $2,739,607. The Company is working with the Internal Revenue Service to resolve the matter.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Dec. 31, 2016
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	NOTE 8 – STOCKHOLDERS' EQUITY On December 15, 2015, ERHCs' shareholders approved a hundred for one reverse stock split of ERHC's common stock. The reverse stock split became effective on January 15, 2016, and ERHCs' shares of common stock began trading on a post-split basis on the OTC Bulletin Board. The numbers of common stock for periods presented in the consolidated financial statements have been retroactively adjusted to reflect the one-for-hundred reverse stock split. During the three months ended December 31, 2016 and 2015, the Company issued an aggregate of 925,289,910 and 514,571 shares, respectively, of common stock for conversion of convertible debt with total valued of $298,393 and $27,841, respectively. The loss on conversions for three months ended December 31, 2016 and 2015 was $79,745 and $0, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Dec. 31, 2016
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 9 – RELATED PARTY TRANSACTIONS At December 31, 2016 the Company had director compensations payable of $139,375, to non-employee directors.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 – COMMITMENTS AND CONTINGENCIES COMMITMENTS UNDER PRODUCTION SHARE CONTRACTS 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. · As of December 31, 2016, the Company was $9,635,637 in arrears of part of its proportionate share of drilling expenses for Kenya Block 11A and therefore in default from May 2016 of its obligation to CEPSA. The drilling expenses are for the Tarach-1 exploratory well which was completed on Kenya Block 11A in summer 2016. · The Tarach-1 well was always designed as an exploratory well. An exploratory well is drilled purely for information gathering (“exploration”) purposes in an area that is yet unproven with regard to petroleum resources. The site selection for an exploratory well is based on seismic data and other pre-drill geoscientific surveys. · Operator analysis of the results if the Tarach-1 well shows that it did not encounter any reservoirs. The operator has therefore classified Tarach-1 a dry well. The well has accordingly been plugged and abandoned 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 December 31, 2016, 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 fulfillment of work program obligations under the PSC f. $378,374 2015 Training and Surface rental fees, as provided in the PSC LEGAL PROCEEDINGS JDZ Blocks 5 and 6 Lawsuit The Company's rights in JDZ Blocks 5 and 6 are currently the subject of legal proceedings at the London Court of International Arbitration and the Federal High Court in Abuja, Nigeria. The Company instituted both proceedings in November 2008 against the JD A and the Governments of Nigeria and Săo Tomé and Príncipe. The issue in contention is contractual. The Company was awarded a 15 percent working interest in each of the Blocks in a 2004/5 bid/licensing round conducted by the JDA following the Company's exercise of preferential rights in the Blocks as guaranteed by contract and treaty. The JDA and the Government of STP contend that certain correspondence issued by a previous CEO/President of the Company in 2006 amount to a relinquishment of the Company's rights in Blocks 5 and 6 under the Company's contracts with STP which provide for the rights. The Company contends that no such relinquishment has occurred and has sought recourse to arbitration accordingly. It also filed the suit to prevent any tampering with its said rights in JDZ Blocks 5 and 6 pending the outcome of arbitration. Proceedings on the suit and the arbitration are currently suspended while the Company pursues amicable settlement with the Governments of Nigeria and Săo Tomé & Príncipe. The issue in contention is contractual. The Company was awarded a 15 percent working interest in each of the Blocks in a 2004/5 bid/licensing round conducted by the JDA following the Company's exercise of preferential rights in the Blocks as guaranteed by contract and treaty. The JDA and the Government of STP contend that certain correspondence issued by a previous CEO/President of the Company in 2006 amount to a relinquishment of the Company's rights in Blocks 5 and 6 under the Company's contracts with STP which provide for the rights. The Company contends that no such relinquishment has occurred and has sought recourse to arbitration accordingly. It also filed the suit to prevent any tampering with its said rights in JDZ Blocks 5 and 6 pending the outcome of arbitration. Proceedings on the suit and the arbitration are currently suspended while the Company pursues amicable settlement with the Governments of Nigeria an d Săo Tomé & Príncipe. Routine Claims From time to time, ERHC may be subject to routine litigation, claims, or disputes in the ordinary course of business. ERHC intends to defend these matters vigorously. The Company cannot predict with certainty, however, the outcome or effect of any of the arbitration or litigation specifically described above or any other pending litigation or claims.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	3 Months Ended
	Dec. 31, 2016
SUBSEQUENT EVENT [Abstract]
SUBSEQUENT EVENT	NOTE 11 – SUBSEQUENT EVENT On January 19, 2017 the Company announced the signing of a Memorandum of Understanding (MOU) with Starcrest Nigeria Energy Limited. Under terms of the MOU, the parties will explore joint participation in Nigerian oil and gas exploration and production opportunities, as may be mutually agreed. ERHC expects to enter into additional agreements with Starcrest in due course. The parties are currently in discussions over specific projects and investment opportunities in the parties’ respective assets. Starcrest Nigeria Energy Limited is a member of the Chrome Group of Companies, a diversified conglomerate, with headquarters in Nigeria. Starcrest has interests in several oil and gas exploration and production licenses in Nigeria including OML 40 (indirect), OPL 291 and OPL 242. Starcrest aims to become a premier player in the development of renewable and non-renewable energy resources. Subsequent to December 31, 2016, Toledo Advisors LLC converted principle balance of $25,670 into 513,409,169 shares of the Company’s common stocks. Subsequent to December 31, 2016, Auctus Private Equity Fund, LLC converted principle balance of $4,102 into 102,560,000 shares of the Company’s common stocks. Subsequent to December 31, 2016, Black Mountain Equities, Inc. converted principle balance of $9,000 into 150,000,000 shares of the Company’s common stocks. Subsequent to December 31, 2016, Crown Bridge Partners, LLC converted principle balance of $10,334 into 259,344,000 shares of the Company’s common stocks. Subsequent to December 31, 2016, Rock Capital converted principle balance of $4,350 into 87,000,000 shares of the Company’s common stocks.

BASIS OF PRESENTATION AND BUS18

BASIS OF PRESENTATION AND BUSINESS ORGANIZATION (Policies)	3 Months Ended
	Dec. 31, 2016
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.
Going Concern	Going Concern The accompanying financial statements have been prepared on the basis that the Company will continue as a going concern which contemplates the realization of assets and the satisfaction of liabilities in the ordinary and usual course of business. As of December 31, 2016, the Company has a working capital deficit and negative cash flows from operating activities. The Company also has significant tax arrears which resulted from a deduction disallowance made by an IRS audit of ERHC’s 2006 return, which audit lasted nearly seven years and has been previously disclosed. There is an outstanding IRS lien imposed on ERHC in Harris County, Texas in consequence. Furthermore, the Company is in significant arrears of cash calls relating to the company’s proportionate share of drilling costs (beyond operator-carried expenses) on the Tarach-1 well in Kenya Block 11A. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on raising additional capital to fund ongoing exploration projects and ultimately on attaining future profitable operations. The Company is continuing with its plan to further see k new opportunity for farm-out its assets in Kenya, Chad and the Săo Tomé and Príncipe Exclusive Economic Zone. Management believes that the Company’s current operating strategy will provide the opportunity for the Company to continue as a going concern as
Reclassifications	Reclassifications Certain amounts in the financial statements as of and for the year ended September 30, 2016 have been reclassified to conform with the December 31, 2016 presentation. Such reclassifications have no impact on net loss, shareholders’ equity or cash flows as previously reported.

FAIR VALUE OF FINANCIAL INSTR19

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Dec. 31, 2016
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 December 31, 2016: Derivative Liability Balance at September 30, 2016 $ 770,854 Increase in derivative value due to issuances of convertible promissory notes 590,837 Decrease in derivative value due to convertible promissory notes converted to common stocks (648,470 ) Change in fair market value of derivative liabilities on convertible notes due to the mark to market adjustment (30,233 ) Balance at December 31, 2016 $ 682,988

OIL AND GAS PROPERTIES AND CO20

OIL AND GAS PROPERTIES AND CONCESSION FEES (Tables)	3 Months Ended
	Dec. 31, 2016
OIL AND GAS CONCESSIONS [Abstract]
Analysis of Cost of Oil and Gas Properties	The following is an analysis of the cost of oil and gas concessions at December 31, 2016 and September 30, 2016: December 31, 2016 September 30, 2016 DRSTP concession $ 2,271,600 $ 2,271,600 Chad concession 2,800,600 2,800,600 Pending concessions in other African countries 101,619 101,619 Total Concession fees $ 5,173,819 $ 5,173,819
Analysis of Changes in Proved Properties	The following is an analysis of change in proved properties as of December 31, 2016: Proved Properties Balance at September 30, 2016 $ 510,000 Return of funds deposited (125,000 ) Depletion and amortization - Total Concession fees $ 385,000

CONVERTIBLE DEBT (Tables)

CONVERTIBLE DEBT (Tables)	3 Months Ended
	Dec. 31, 2016
CONVERTIBLE DEBT [Abstract]
Convertible Debt Outstanding	The Company had the following convertible debt outstanding at December 31, 2016: Lender Date of Agreement Term (Months) Annual Interest rate Outstanding balance Accrued Interest at Reporting date Deferred debt origination costs Discount Net Convertible Note payable Note Derivative Liability Union Capital #4 4/12/2016 12 8 % $ 7,375 $ - $ 2,830 $ 10,743 $ (6,198 ) $ 14,628 Auctus Private Equity Fund 4/27/2016 12 10 % 28,212 47 428 6,693 21,138 57,142 Black Mountain Equities. 5/20/2016 12 8 % 40,500 1,318 674 36,691 4,453 84,059 Rock Capital #2 5/26/2016 12 10 % 53,088 - 2,583 50,595 (90 ) 119,921 Crown Bridge Partners 6/2/2016 12 8 % 26,525 2,406 423 23,032 5,476 72,549 Toledo Advisors 6/22/2016 12 10 % 61,000 52 762 53,133 7,157 169,322 LG Capital 8/23/2016 12 8 % 32,000 895 - 29,415 3,480 47,265 Auctus Private Equity Fund 2 9/22/2016 9 10 % 58,750 1,600 - 52,980 7,370 118,102 $ 307,450 $ 6,318 $ 7,700 $ 263,282 $ 42,786 $ 682,988 The Company had the following convertible debt outstanding at September 30, 2016: Lender Date of Agreement Term (Months) Annual Interest rate Outstanding balance Accrued Interest at Reporting date Deferred debt origination costs Discount Net Convertible Note payable Note Derivative Liability JMJ Financial #4 3/9/2016 12 8 % $ 39,416 $ - $ - $ 37,114 $ 2,302 $ 74,913 Adar Bay 3/10/2016 12 8 % 32,000 2,000 1,544 22,863 9,593 71,087 Union Capital #4 4/12/2016 12 8 % 50,000 1,732 2,126 - 49,606 - Auctus Private Equity Fund 4/27/2016 12 10 % 54,250 2,318 1,839 46,757 7,972 137,157 Black Mountain Equities. 5/20/2016 12 8 % 51,500 926 4,131 - 48,295 - Rock Capital #2 5/26/2016 12 10 % 55,125 529 5,950 - 49,704 - Crown Bridge Partners 6/2/2016 12 8 % 53,500 1,407 1,678 45,232 7,997 143,932 Toledo Advisors 6/22/2016 12 10 % 63,000 1,726 2,396 59,309 3,021 168,812 LG Capital 8/23/2016 12 8 % 32,000 250 - 31,033 1,217 43,965 Auctus Private Equity Fund 2 9/22/2016 9 10 % 58,750 119 - 57,041 1,828 130,988 $ 489,541 $ 11,007 $ 19,664 $ 299,349 $ 181,535 $ 770,854
Summary of Conversion Terms of the Notes Outstanding	The following table summarizes conversion terms of the notes outstanding at December 31, 2016: Lender Date of Agreement Term Of Conversion Eligible for Conversion Union Capital April 12, 2016 Conversion Price for each share of Common Stock equal to 40% 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 Auctus Private Equity Fund, LLC April 27, 2016 Conversion Price shall equal the lesser of (i) 55% multiplied by the lowest Trading Price (as defined below) (representing a discount rate of 45%) during the previous twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the date of this Note and (ii) the Variable Conversion Price On effective date Black Mountain Equities, Inc. May 20, 2016 Conversion Price shall equal 60% of the lowest trade occurring during the twenty (20) 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. 150 after the effective date Rock Capital May 26, 2016 Conversion Price for each share of Common Stock equal to 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 ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company or its transfer agent 180 after the effective date Crown Bridge Partners LLC June 2, 2016 Variable Conversion Price shall mean 50% multiplied by the Market Price (as defined herein)(representing a discount rate of 50%). “Market Price” means the lowest one (1) Trading Prices (as defined below) for the Common Stock during the twenty (20) Trading Day period ending on the last complete Trading Day prior to the Conversion Date. On effective date Toledo Advisors LLC June 22, 2016 Conversion Price for each share of Common Stock equal to 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 ("Exchange"), for the twenty prior trading days On effective date LG Capital August 23, 2016 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. On effective date Auctus Private Equity Fund 2 September 22, 2016 Conversion Price shall equal the lesser of (i) 55% multiplied by the lowest Trading Price (as defined below) (representing a discount rate of 45%) during the previous twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the date of this Note and (ii) the Variable Conversion Price On effective date

BASIS OF PRESENTATION AND BUS22

BASIS OF PRESENTATION AND BUSINESS ORGANIZATION (Details)	3 Months Ended
	Dec. 31, 2016
BASIS OF PRESENTATION AND BUSINESS ORGANIZATION [Abstract]
Years under audit	7 years

FAIR VALUE OF FINANCIAL INSTR23

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Increase (decrease) in derivative value	$ 30,233	$ 112,384
Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	770,854
Ending Balance	682,988
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	(648,470)
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	590,837
Change in fair market value of derivative liabilities	$ (30,233)

ACCOUNT RECEIVABLES (Details)

ACCOUNT RECEIVABLES (Details) - USD ($)	3 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
ACCOUNT RECEIVABLES [Abstract]
Revenue from oil and gas sales	$ 36,330
Receivables from oil and gas sales	$ 15,479	$ 0

OIL AND GAS PROPERTIES AND CO25

OIL AND GAS PROPERTIES AND CONCESSION FEES (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2016USD ($)Wells	Sep. 30, 2016USD ($)Wells
Analysis of cost of oil and gas concession fees [Abstract]
Oil and gas concession fees	$ 5,173,819	$ 5,173,819
Analysis in Change in Proved Properties [Roll Forward]
Balance at beginning of period	510,000
Return of funds deposited	(125,000)
Depletion and amortization	0
Total concession fees, end of period	$ 385,000	$ 510,000
NewStar [Member]
Analysis in Change in Proved Properties [Roll Forward]
Number of producing wells acquired | Wells	2	3
DRSTP Concession [Member]
Analysis of cost of oil and gas concession fees [Abstract]
Oil and gas concession fees	$ 2,271,600	$ 2,271,600
Chad Concession [Member]
Analysis of cost of oil and gas concession fees [Abstract]
Oil and gas concession fees	2,800,600	2,800,600
Pending Concessions in Other African Countries [Member]
Analysis of cost of oil and gas concession fees [Abstract]
Oil and gas concession fees	$ 101,619	$ 101,619

CONVERTIBLE DEBT (Details)

CONVERTIBLE DEBT (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Convertible debt outstanding [Abstract]
Outstanding balance	$ 307,450		$ 489,541
Accrued Interest at Reporting Date	6,318		11,007
Deferred debt origination costs	7,700		19,664
Discount	263,282		299,349
Net Convertible Note Payable	42,786		181,535
Note Derivative Liability	$ 682,988		$ 770,854
Number of share issued for convertible debt upon conversion (in shares)	925,289,910	514,571
Value of shares issued for convertible debt upon conversion	$ 298,393	$ 27,841
Decrease in derivative value due to conversion	(648,470)	(80,038)
Loss on debt conversions	$ (79,745)	$ 0
JMJ Financial 4 [Member]
Convertible debt outstanding [Abstract]
Date of Agreement			Mar. 9, 2016
Term			12 months
Annual Interest Rate			8.00%
Outstanding balance			$ 39,416
Accrued Interest at Reporting Date			0
Deferred debt origination costs			0
Discount			37,114
Net Convertible Note Payable			2,302
Note Derivative Liability			$ 74,913
Adar Bay [Member]
Convertible debt outstanding [Abstract]
Date of Agreement			Mar. 10, 2016
Term			12 months
Annual Interest Rate			8.00%
Outstanding balance			$ 32,000
Accrued Interest at Reporting Date			2,000
Deferred debt origination costs			1,544
Discount			22,863
Net Convertible Note Payable			9,593
Note Derivative Liability			$ 71,087
Union Capital 4 [Member]
Convertible debt outstanding [Abstract]
Date of Agreement	Apr. 12, 2016		Apr. 12, 2016
Term	12 months		12 months
Annual Interest Rate	8.00%		8.00%
Outstanding balance	$ 7,375		$ 50,000
Accrued Interest at Reporting Date	0		1,732
Deferred debt origination costs	2,830		2,126
Discount	10,743		0
Net Convertible Note Payable	(6,198)		49,606
Note Derivative Liability	$ 14,628		$ 0
Auctus Private Equity Fund [Member]
Convertible debt outstanding [Abstract]
Date of Agreement	Apr. 27, 2016		Apr. 27, 2016
Term	12 months		12 months
Annual Interest Rate	10.00%		10.00%
Outstanding balance	$ 28,212		$ 54,250
Accrued Interest at Reporting Date	47		2,318
Deferred debt origination costs	428		1,839
Discount	6,693		46,757
Net Convertible Note Payable	21,138		7,972
Note Derivative Liability	$ 57,142		$ 137,157
Toledo Advisors [Member]
Convertible debt outstanding [Abstract]
Date of Agreement	Jun. 22, 2016		Jun. 22, 2016
Term	12 months		12 months
Annual Interest Rate	10.00%		10.00%
Outstanding balance	$ 61,000		$ 63,000
Accrued Interest at Reporting Date	52		1,726
Deferred debt origination costs	762		2,396
Discount	53,133		59,309
Net Convertible Note Payable	7,157		3,021
Note Derivative Liability	$ 169,322		$ 168,812
LG Capital [Member]
Convertible debt outstanding [Abstract]
Date of Agreement	Aug. 23, 2016		Aug. 23, 2016
Term	12 months		12 months
Annual Interest Rate	8.00%		8.00%
Outstanding balance	$ 32,000		$ 32,000
Accrued Interest at Reporting Date	895		250
Deferred debt origination costs	419		0
Discount	29,415		31,033
Net Convertible Note Payable	2,480		1,217
Note Derivative Liability	$ 47,265		$ 43,965
Conversion terms of the notes [Abstract]
Date of Agreement	Aug. 23, 2016
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	On effective date
Conversion price	60.00%
Trading days	20prior trading days including the day upon which a Notice of Conversion is received by the Company.
Calculation period	20 days
Union Capital [Member]
Conversion terms of the notes [Abstract]
Date of Agreement	Apr. 12, 2016
Term of Conversion	Conversion Price for each share of Common Stock equal to 40% 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
Conversion price	40.00%
Trading days	20 prior trading days including the day upon which a notice of conversion is received by the Company
Calculation period	20 days
Auctus Private Equity Fund 2 [Member]
Convertible debt outstanding [Abstract]
Date of Agreement	Sep. 22, 2016		Sep. 22, 2016
Term	9 months		9 months
Annual Interest Rate	10.00%		10.00%
Outstanding balance	$ 58,750		$ 58,750
Accrued Interest at Reporting Date	1,600		119
Deferred debt origination costs	0		0
Discount	52,980		57,041
Net Convertible Note Payable	7,370		1,828
Note Derivative Liability	$ 118,102		$ 130,988
Conversion terms of the notes [Abstract]
Date of Agreement	Sep. 22, 2016
Term of Conversion	Conversion Price shall equal the lesser of (i) 55% multiplied by the lowest Trading Price (as defined below) (representing a discount rate of 45%) during the previous twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the date of this Note and (ii) the Variable Conversion Price
Eligible for Conversion	On effective date
Conversion price	55.00%
Trading days	twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the date of this Note and (ii) the Variable Conversion Price
Calculation period	25 days
Discount rate	45.00%
Black Mountain Equities, Inc [Member]
Convertible debt outstanding [Abstract]
Date of Agreement	May 20, 2016		May 20, 2016
Term	12 months		12 months
Annual Interest Rate	8.00%		8.00%
Outstanding balance	$ 40,500		$ 51,500
Accrued Interest at Reporting Date	1,318		926
Deferred debt origination costs	674		4,131
Discount	36,691		0
Net Convertible Note Payable	4,453		48,295
Note Derivative Liability	$ 84,059		$ 0
Conversion terms of the notes [Abstract]
Date of Agreement	May 20, 2016
Term of Conversion	Conversion Price shall equal 60% of the lowest trade occurring during the twenty (20) 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	150 after the effective date
Eligible period for conversion	150 days
Conversion price	60.00%
Trading days	20 consecutive trading days immediately preceding the applicable Conversion Date on which the Holder elects to convert all or part of this Note
Calculation period	20 days
Rock Capital 2 [Member]
Convertible debt outstanding [Abstract]
Date of Agreement	May 26, 2016		May 26, 2016
Term	12 months		12 months
Annual Interest Rate	10.00%		10.00%
Outstanding balance	$ 53,088		$ 55,125
Accrued Interest at Reporting Date	0		529
Deferred debt origination costs	2,583		5,950
Discount	50,595		0
Net Convertible Note Payable	(90)		49,704
Note Derivative Liability	$ 119,921		$ 0
Crown Bridge Partners [Member]
Convertible debt outstanding [Abstract]
Date of Agreement	Jun. 2, 2016		Jun. 2, 2016
Term	12 months		12 months
Annual Interest Rate	8.00%		8.00%
Outstanding balance	$ 26,525		$ 53,500
Accrued Interest at Reporting Date	2,406		1,407
Deferred debt origination costs	423		1,678
Discount	23,032		45,232
Net Convertible Note Payable	5,476		7,997
Note Derivative Liability	$ 72,549		$ 143,932
Rock Capital [Member]
Conversion terms of the notes [Abstract]
Date of Agreement	May 26, 2016
Term of Conversion	Conversion Price for each share of Common Stock equal to 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 ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company or its transfer agent
Eligible for Conversion	180 after the effective date
Eligible period for conversion	180 days
Conversion price	50.00%
Trading days	20 prior trading days including the day upon which a notice of conversion is received by the Company or its transfer agent
Calculation period	20 days
Auctus Private Equity Fund, LLC [Member]
Conversion terms of the notes [Abstract]
Date of Agreement	Apr. 27, 2016
Term of Conversion	Conversion Price shall equal the lesser of (i) 55% multiplied by the lowest Trading Price (as defined below) (representing a discount rate of 45%) during the previous twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the date of this Note and (ii) the Variable Conversion Price
Eligible for Conversion	On effective date
Conversion price	55.00%
Trading days	25 trading days period ending on the latest complete Trading Day prior to the date of this Note
Calculation period	25 days
Discount rate	45.00%
Crown Bridge Partners LLC [Member]
Conversion terms of the notes [Abstract]
Date of Agreement	Jun. 2, 2016
Term of Conversion	Variable Conversion Price shall mean 50% multiplied by the Market Price (as defined herein)(representing a discount rate of 50%). “Market Price” means the lowest one (1) Trading Prices (as defined below) for the Common Stock during the twenty (20) Trading Day period ending on the last complete Trading Day prior to the Conversion Date.
Eligible for Conversion	On effective date
Conversion price	50.00%
Trading days	20 consecutive trading days period ending on the last complete trading day prior to the conversion date
Calculation period	20 days
Discount rate	50.00%
Toledo Advisors LLC [Member]
Conversion terms of the notes [Abstract]
Date of Agreement	Jun. 22, 2016
Term of Conversion	Conversion Price for each share of Common Stock equal to 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 ("Exchange"), for the twenty prior trading days
Eligible for Conversion	On effective date
Conversion price	50.00%
Trading days	20 prior trading days
Calculation period	20 days

DERIVATIVE LIABILITIES (Details

DERIVATIVE LIABILITIES (Details)	3 Months Ended
	Dec. 31, 2016USD ($)Time	Dec. 31, 2015USD ($)	Sep. 30, 2016USD ($)
Derivative [Line Items]
Fair value of the derivatives	$ 682,988		$ 770,854
Gain on change in fair value of derivative liabilities	$ 30,233	$ 112,384
Convertible Notes [Member]
Derivative [Line Items]
Initial percentage of event of default	0.00%
Increasing percentage of event of default	1.00%
Maximum percentage of event of default	10.00%
Initial percentage of redemption of notes	0.00%
Increasing percentage of redemption of notes	1.00%
Maximum percentage of redemption of notes	5.00%
Multiplier of conversion price to convert notes, maximum | Time	2
Conversion period one to convert notes	0 days
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	40.00%
Percentage of projected volatility curve	200.00%
Convertible Notes [Member] | Maximum [Member]
Derivative [Line Items]
Percentage of conversion of notes specified on market price	60.00%
Percentage of projected volatility curve	260.00%

INCOME TAX PAYABLE (Details)

INCOME TAX PAYABLE (Details) - USD ($)	3 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
INCOME TAX PAYABLE [Abstract]
Years under audit	7 years
Federal income tax payable	$ 2,739,607	$ 2,739,607

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details)	Jan. 15, 2016	Dec. 15, 2015	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock issued for conversion (in shares) | shares			925,289,910	514,571
Loss on debt conversions			$ (79,745)	$ 0
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reverse stock split	0.01	0.01
Aggregate number of shares of common stock issued for conversion (in shares) | shares			925,289,908	514,571
Total value of convertible debt upon conversion			$ 298,393	$ 27,841
Loss on debt conversions			$ (79,745)	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Related Party Transaction [Line Items]
Compensation payable	$ 139,375	$ 100,438
Directors [Member]
Related Party Transaction [Line Items]
Compensation payable	$ 139,375

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	1 Months Ended		3 Months Ended
	Oct. 31, 2013	Sep. 30, 2013Block	Dec. 31, 2016USD ($)
JDZ 5 [Member]
Loss Contingencies [Line Items]
Working interest awarded in mining concessions			15.00%
JDZ 6 [Member]
Loss Contingencies [Line Items]
Working interest awarded in mining concessions			15.00%
Kenya Concession [Member]
Loss Contingencies [Line Items]
Transfer of interest in Kenya Block 11A to the Kenya farm-out partner	55.00%
Proportionate share of capital drilling costs in arrears			$ 9,635,637
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
Training and surface rental fees			$ 378,374

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - Subsequent Event [Member]	2 Months Ended
	Feb. 21, 2017USD ($)shares
Toledo Advisors [Member]
Subsequent Event [Line Items]
Principal balance plus accrual interest converted | $	$ 25,670
Conversion of note payable to common stock (in shares) | shares	513,409,169
Auctus Private Equity Fund, LLC [Member]
Subsequent Event [Line Items]
Principal balance plus accrual interest converted | $	$ 4,102
Conversion of note payable to common stock (in shares) | shares	102,560,000
Black Mountain Equities, Inc [Member]
Subsequent Event [Line Items]
Principal balance plus accrual interest converted | $	$ 9,000
Conversion of note payable to common stock (in shares) | shares	150,000,000
Crown Bridge Partners LLC [Member]
Subsequent Event [Line Items]
Principal balance plus accrual interest converted | $	$ 10,334
Conversion of note payable to common stock (in shares) | shares	259,344,000
Rock Capital [Member]
Subsequent Event [Line Items]
Principal balance plus accrual interest converted | $	$ 4,350
Conversion of note payable to common stock (in shares) | shares	87,000,000