Capitalization of Costs Incurred in Oil and Gas Activities

12 Months Ended

Sep. 30, 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 year ended September 30, 2019 and September 30, 2018:

	September 30, 2019			September 30, 2018
Unproved Oil and Gas Properties	$	22,147,367		$	22,071,787
Accumulated Depreciation and Depletion		(107,060	)		(95,919	)
Net Capitalized Cost	$	22,040,307		$	21,975,868

Depreciation and depletion expenses for the years ended September 30, 2019 and 2018 were $11,141 and $11,141 respectively.