Capitalization of Costs Incurred in Oil and Gas Activities

6 Months Ended

Mar. 31, 2020

Capitalized Costs Relating To 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, 2020 and the fiscal year ended September 30, 2019:

	March 31, 2020			September 30, 2019
Unproved Oil and Gas Properties	$	22,159,656		$	22,147,367
Accumulated Depreciation and Depletion		(112,643	)		(107,060	)
Net Capitalized Cost	$	22,047,013		$	22,040,307

Depreciation and depletion expense for the six months ended March 31, 2020 and 2019 were $5,571 and $5,571 respectively.