Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATIONS

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ASSET RETIREMENT OBLIGATIONS
9 Months Ended
Dec. 31, 2019
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 current and long-term obligations associated with the future retirement of oil and natural gas properties for the nine-month periods ended December 31, 2019 and 2018, respectively.

 

    2019     2018  
Carrying amount at beginning of period   $ 303,809     $ 979,159  
Accretion     2,920       4,725  
Dispositions           (699,536 )
Revisions of previous estimates     (25,425 )     35,422  
Carrying amount at end of period   $ 281,304     $ 319,770  

 

Camber has short-term obligations of $239,167 and $0 related to the plugging liabilities at December 31, 2019 and March 31, 2019, respectively.