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PROPERTY AND EQUIPMENT (Tables)
6 Months Ended
Sep. 30, 2020
Property and Equipment  
Schedule of oil and natural gas properties

 

 


September 30,

2020

 

 


March 31,

2020

 

Oil and gas properties subject to amortization

 

$ 50,413,792

 

 

$ 50,443,883

 

Oil and gas properties not subject to amortization

 

 

28,016,989

 

 

 

28,016,989

 

Capitalized asset retirement costs

 

 

1,570

 

 

 

1,570

 

Total oil & natural gas properties

 

 

78,432,351

 

 

 

78,462,442

 

Accumulated depreciation, depletion, and impairment

 

 

(78,356,957 )

 

 

(78,351,825 )

Net Capitalized Costs

 

$ 75,394

 

 

$ 110,617