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Oil and Natural Gas Costs (Tables)

12 Months Ended

Mar. 31, 2020

Extractive Industries [Abstract]

Schedule of Cost Related to Oil and Gas Activities

The costs related to the Company’s oil and natural gas activities were incurred as follows for the years ended March 31:

		2020				2019
Property acquisition costs:
Proved		$	-			$	-
Unproved			-				-
Exploration			168				14,555
Development			1,687,499				803,602
Capitalized asset retirement obligations			19,512				8,658
Total costs incurred for oil and gas properties		$	1,707,179			$	826,815

Schedule of Aggregate Capitalized Costs Relating Oil and Gas Property Activities

The Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31:

		2020				2019
Proved oil and gas properties		$	37,465,172			$	35,907,677
Unproved oil and gas properties:
subject to amortization			-				-
not subject to amortization			-				-
			37,465,172				35,907,677
Less accumulated DD&A			28,003,961				27,154,343
		$	9,461,211			$	8,753,334

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Tabular disclosure of aggregate capitalized costs relating to an enterprise's oil and gas producing activities and the aggregate related accumulated depreciation, depletion, amortization, and valuation allowances.

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Tabular disclosure of the aggregate of costs (whether the costs are capitalized or charged to expense at the time they are incurred ) incurred for the year in oil and gas property acquisition, exploration and development activities.

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