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L. SUPPLEMENTARY FINANCIAL INFORMATION ON OIL AND NATURAL GAS EXPLORATION (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities

	2019
		Gas (MMCF)		Oil (MBBLS)

Proved developed and undeveloped reserves - January 1,2019		2,268		28
Purchase of oil and natural gas properties in place		—		—
Discoveries and exclusions		—		—
Revisions		(1,785	)	4
Sales of oil and gas properties in place		—		(4	)
Production		(129	)	—
Proved developed and undeveloped reserves - December 31,2019		354		28
Probable reserves		—		—
Possible reserves		—		—
Total reserves - December 31, 2019		354		28


Proved developed at beginning of year		180		28

Proved developed reserves at end of year		354		28

Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure

		2018
		Gas (MMCF)			Oil (MBBLS)

Proved developed and undeveloped reserves - January 1,2018		830			69
Purchase of oil and natural gas properties in place		—			—
Discoveries and exclusions		(520	)		(37	)
Revisions		—			—
Sales of oil and gas properties in place		—			—
Production		(130	)		(4	)
Proved developed and undeveloped reserves - December 31,2018		180			28
Probable reserves		1,566			—
Possible reserves		522			—
Total reserves - December 31, 2018		2,268			28


Proved developed at beginning of year		830			69

Proved developed reserves at end of year		180			28



		2019			2018

Oil and gas sales	$	590		$	682
Operating expenses		(599	)		(597	)
Depreciation, depletion and amortization		(87	)		(247	)
Impairment of oil & gas properties		(2,285	)		—

Results of operations	$	(2,381	)	$	(162	)

Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows

		2019			2018

Future oil and gas cash inflows	$	2,526		$	8,292
Future oil & gas operating expenses		(611	)		(1,478	)
Future development costs		0			(1,400	)
Future tax expense		(159	)		(590	)
Future net cash flows	$	1,756		$	4,824
10% discount to reflect timing of cash flows		(806	)		(1,853	)

	$	950		$	2,971

- Definition

Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period.

+ References + Details