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PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2020

PROPERTY AND EQUIPMENT

Schedule of property and equipment

Oher property and equipment, at cost		$	14,456
Less: accumulated depreciation			(3,400	)
Oher property and equipment, net		$	11,056

Schedule of capitalized costs of oil and natural gas properties

Proved producing wells		$	5,284,041
Proved undeveloped			2,232,458
Lease, well and gathering  equipment			1,705,092
Asset retirement obligation			14,988,534
Unproved leasehold costs			492,741
Gross capitalized costs			24,702,866
Less: accumulated depreciation, depletion and impairment			(4,918,808	)
		$	19,784,058

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- Definition

Tabular disclosure of oil and gas present activities. Includes, but is not limited to, number of wells in process of drilling, waterfloods in process of installation, and pressure maintenance operation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1206

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- References

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- Definition

Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.

+ References

No definition available.

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