Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.19.3.a.u2
PROPERTY AND EQUIPMENT (Tables)
9 Months Ended
Dec. 31, 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 December 31, 2019 and March 31, 2019 are as follows: 

 

   

At
December 31,

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     152,223     176,649  
Total oil & natural gas properties     78,521,516     78,545,944  
Accumulated depreciation, depletion, and impairment     (78,345,531 )   (78,333,628 )
Net Capitalized Costs   $ 175,985   $ 212,316