Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATIONS

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ASSET RETIREMENT OBLIGATIONS
6 Months Ended
Sep. 30, 2018
Asset Retirement Obligation Disclosure [Abstract]  
ASSET RETIREMENT OBLIGATIONS

NOTE 5 – ASSET RETIREMENT OBLIGATIONS

 

The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of long-term legal obligations associated with the retirement of oil and gas property and equipment for the six-month periods ended September 30, 2018 and 2017, respectively.

 

  2018   2017
Carrying amount at beginning of period   $ 979,159     $ 2,045,847  
Accretion     4,725       70,200  
Dispositions     (699,536 )     —    
Change in estimate     48,099       (9,945 )
Carrying amount at end of period   $ 332,447     $ 2,106,102  

  

Camber does not have any short-term asset retirement obligations as of September 30, 2018 and March 31, 2018.