Capitalization of Costs Incurred in Oil and Gas Activities

12 Months Ended

Sep. 30, 2020

Capitalized Costs Relating To Oil And Gas Producing Activities [Abstract]

CAPITALIZATION OF COSTS INCURRED IN OIL AND GAS ACTIVITIES

5. 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, 2020 and September 30, 2019:

	September 30, 2020			September 30, 2019
Unproved Oil and Gas Properties	$	22,172,761		$	22,147,367
Accumulated Depreciation and Depletion		(118,201	)		(107,060	)
Net Capitalized Cost	$	22,054,560		$	22,040,307

Depreciation and depletion expenses for the years ended September 30, 2020 and 2019 were $11,141 and $11,141 respectively.