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Oil and Natural Gas Costs (Tables)

12 Months Ended

Mar. 31, 2022

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:

 Schedule of Cost Related to Oil and Gas Activities

		2022				2021
Property acquisition costs:
Proved		$	560,893			$	-
Unproved			-				-
Exploration			-				-
Development			1,325,560				1,581,109
Capitalized asset retirement obligations			14,333				17,587
Total costs incurred for oil and gas properties		$	1,900,786			$	1,598,696

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:

 Schedule of Aggregate Capitalized Costs Relating Oil and Gas Property Activities

		2022				2021
Proved oil and gas properties		$	40,373,741			$	38,664,347
Unproved oil and gas properties:
subject to amortization			-				-
not subject to amortization			-				-
Oil and gas properties, gross			40,373,741				38,664,347
Less accumulated DD&A			30,248,651				28,906,419
Total oil and gas properties		$	10,125,090			$	9,757,928

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- Definition

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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-Topic 932
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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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