Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.20.2
PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Mar. 31, 2020
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 March 31, 2020 and 2019 are as follows:

 

   


March 31,

2020

 


March 31,
 

 2019  

 
Oil and gas properties subject to amortization   $ 50,352,033   $ 50,352,306  
Oil and gas properties not subject to amortization     28,016,989     28,016,989  
Capitalized asset retirement costs     91,850     176,649  
Total oil & natural gas properties     78,460,872     78,545,944  
Accumulated depreciation, depletion, and impairment     (78,350,605 )   (78,333,628 )
Net Capitalized Costs   $ 110,267   $ 212,316