Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.20.2
PROPERTY AND EQUIPMENT (Tables)
3 Months Ended
Jun. 30, 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 June 30, 2020 and March 31, 2020 are as follows:

 

   


June 30,

 2020

   


March 31,
 

2020

 
Oil and gas properties subject to amortization   $ 50,352,033     $ 50,352,033  
Oil and gas properties not subject to amortization     28,016,989       28,016,989  
Capitalized asset retirement costs     91,850       91,850  
Total oil & natural gas properties     78,460,872       78,460,872  
Accumulated depreciation, depletion, and impairment     (78,352,769 )     (78,350,605 )
Net Capitalized Costs   $ 108,103     $ 110,267