XML 39 R25.htm IDEA: XBRL DOCUMENT v3.23.2
Oil and Natural Gas Costs (Tables)
 12 Months Ended
Mar. 31, 2023
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:

 

   2023   2022 
Property acquisition costs:          
Proved  $1,053,442   $560,893 
Unproved   -    - 
Exploration   -    - 
Development   4,282,499    1,325,560 
Capitalized asset retirement obligations   23,492    14,333 
Total costs incurred for oil and gas properties  $5,359,433   $1,900,786 
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:

 

   2023   2022 
Proved oil and gas properties  $45,391,634   $40,373,741 
Unproved oil and gas properties:          
subject to amortization   -    - 
not subject to amortization   -    - 
Oil and gas properties, gross  45,391,634   40,373,741
Less accumulated DD&A   32,099,439    30,248,651 
Total oil and gas properties  $13,292,195   $10,125,090