Capitalization of Costs Incurred in Oil and Gas Activities

6 Months Ended

Mar. 31, 2019

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 six months ended March 31, 2019 and the fiscal year ended September 30, 2018:

	March 31, 2019			September 30, 2018
Unproved Oil and Gas Properties	$	22,122,806		$	22,071,787
Accumulated Depreciation and Depletion		(101,490	)		(95,919	)
Net Capitalized Cost	$	22,021,316		$	21,975,868

Depreciation and depletion expense for the six months ended March 31, 2019 and 2018 were $5,571 and $3,586 respectively.