Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.19.3
PROPERTY AND EQUIPMENT (Tables)
6 Months Ended
Sep. 30, 2019
Property and Equipment  
Schedule of oil and natural gas properties

All of Camber’s oil and natural gas properties are located in the United States. Costs being amortized at September 30, 2019 and March 31, 2019 are as follows: 

 

    At
September 30, 2019
  At
March 31, 2019
 
 Oil and gas properties subject to amortization   $ 50,352,304   $ 50,352,304  
 Oil and gas properties not subject to amortization     28,016,989     28,016,989  
 Capitalized asset retirement costs     136,632     176,649  
 Total oil & natural gas properties     78,505,925     78,545,944  
 Accumulated depreciation, depletion, and impairment     (78,340,200   (78,333,628 )
 Net Capitalized Costs   $ 165,725   $ 212,316  
Schedule of property and equipment

Property and equipment are summarized as follows:

 

    At September 30,   At March 31,
    2019   2019
         
 Furniture and fixtures   $ 9,847     $ 1,570  
 Information systems     48,392       —    
 Construction equipment     2,387,943       —    
 Autos, trucks and trailers     2,789,017       —    
Total cost     5,235,199       1,570  
 Accumulated depreciation     (3,234,448 )     (696 )
Net book value   $ 2,000,751     $ 874