Capitalization of Costs Incurred in Oil and Gas Activities

12 Months Ended

Sep. 30, 2018

Capitalization of Costs Incurred in Oil and Gas Activities [Abstract]

CAPITALIZATION OF COSTS INCURRED IN OIL AND GAS ACTIVITIES

4. CAPITALIZATION OF COSTS INCURRED IN OIL AND GAS ACTIVITIES

The following table illustrates capitalized costs relating to oil producing activities for the year ended September 30, 2018 and September 30, 2017:

	September 30,  2018			September 30,  2017
Unproved Oil and Gas Properties	$	22,071,787		$	21,380,452
Accumulated Depreciation and Depletion		(95,919	)		(84,778	)
Net Capitalized Cost	$	21,975,868		$	21,295,674

Depreciation and depletion expenses for the years ended September 30, 2018 and 2017 were $11,141 and $11,141 respectively.