December 31, 2018

Adjustments

Impairments

June 30, 2019

Proved developed producing oil and gas properties

United States cost center

$

81,936,721

$

(1,476,634

)

$

-

$

80,460,087

Accumulated depreciation, depletion and amortization

(604,735

)

(3,353,247

)

-

(3,957,982

)

Proved developed producing oil and gas properties, net

$

81,331,986

$

(4,829,881

)

$

-

$

76,502,105

Undeveloped and non-producing oil and gas properties

United States cost center

$

51,973,719

$

(87,140

)

$

-

$

51,886,579

Accumulated depreciation, depletion and amortization

(1,480,813

)

(1,215,154

)

-

(2,695,967

)

Undeveloped and non-producing oil and gas properties, net

$

50,492,906

$

(1,302,294

)

$

-

$

49,190,612

Total Oil and Gas Properties, Net

$

131,824,892

$

(6,132,175

)

$

-

$

125,692,717