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Oil and Natural Gas Costs | 12 Months Ended
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Mar. 31, 2019
Extractive Industries [Abstract] |
Oil and Natural Gas Costs | 9. Oil and Natural Gas Costs The costs related to the Company’s oil and natural gas activities were incurred as follows for the years ended March 31:
|  | 2019 |  |  | 2018 |
Property acquisition costs: |  |  |  |  |  |  |  |
Proved |  | $ | - |  |  | $ | - |
Unproved |  |  | - |  |  |  | - |
Exploration |  |  | 14,555 |  |  |  | - |
Development |  |  | 803,602 |  |  |  | 1,099,051 |
Capitalized asset retirement obligations |  |  | 8,658 |  |  |  | 6,689 |
Total costs incurred for oil and gas properties |  | $ | 826,815 |  |  | $ | 1,105,740 |
The Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31:
|  | 2019 |  |  | 2018 |
Proved oil and gas properties |  | $ | 35,907,677 |  |  | $ | 35,224,784 |
Unproved oil and gas properties: |  |  |  |  |  |  |  |
subject to amortization |  |  | - |  |  |  | - |
not subject to amortization |  |  | - |  |  |  | - |
|  |  | 35,907,677 |  |  |  | 35,224,784 |
Less accumulated DD&A |  |  | 27,154,343 |  |  |  | 26,355,604 |
|  | $ | 8,753,334 |  |  | $ | 8,896,180 |
DD&A amounted to $9.90 and $10.02 per BOE of production for the years ended March 31, 2019 and 2018, respectively.

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- Definition The entire disclosure for properties used in normal conduct of oil and gas exploration and producing operations. This disclosure may include property accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 360 -URI http://asc.fasb.org/subtopic&trid=2145654 + Details
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