XML 32 R23.htm IDEA: XBRL DOCUMENT v3.21.2
OIL AND GAS PROPERTY, NET (Tables)
 6 Months Ended
Jun. 30, 2021
Extractive Industries [Abstract]  
SCHEDULE OF OIL AND GAS ACTIVITIES

The following tables summarize the Company’s oil and gas activities by classification.

 

 

    June 30,
2021		     December 31,
2020		  
      (Unaudited)          
Oil and gas property – subject to amortization   $ 22,053,581     $ 20,912,041  
Accumulated depletion and impairment     (19,839,524 )     (19,573,054 )
Oil and gas property – subject to amortization, net   $ 2,214,057     $ 1,338,987  
                 
Oil and gas property – not subject to amortization   $ 1,129,500     $ 1,113,494  
Accumulated impairment     -       -  
Oil and gas property – not subject to amortization, net   $ 1,129,500     $ 1,113,494  
SCHEDULE OF MOVEMENT OF THE OIL AND GAS PROPERTY

The following shows the movement of the oil and gas property – subject to amortization balance.

 

 

 

    Oil & Gas
Property – Kruh		  
December 31, 2020   $ 1,338,987  
Additional capitalization     1,141,540  
Depletion     (266,470 )
June 30, 2021 (Unaudited)   $ 2,214,057