Capitalization of Costs Incurred in Oil and Gas Activities

3 Months Ended

Dec. 31, 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 three months ended December 31, 2018 and the fiscal year ended September 30, 2018:

	December 31, 2018			September 30, 2018
Unproved Oil and Gas Properties	$	22,112,289		$	22,071,787
Accumulated Depreciation and Depletion		(96,811	)		(95,919	)
Net Capitalized Cost	$	22,015,478		$	21,975,868

Depreciation and depletion expense for the three months ended December 31, 2018 and 2017 were $2,785 and $2,785 respectively.