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exploration cost

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exploration cost
The cost of searching for and drilling exploratory gas and oil wells.
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Under their PSA with Sonatrach, BR and Talisman are entitled to recover exploration cost from production "during the exploitation phase of development", while Sonatrach may exercise the option to participate in the development and production of commercial discoveries.
ALGERIA - Oilfield Profiles - TotalFinaElf Operations - Oil & Wet Gas ... by APS Review Gas Market Trends
2005 TransGlobe recovered its historical exploration cost pools at Block S-1 resulting in increased royalties of approximately $2.
TransGlobe Energy Corporation Announces 2005 Year End and Fourth ... by Business Wire
Mineral exploration costs form the bulk of the Company's expenditures for the period from June 21, 2004 (incorporation) to March 31, 2005 and for the nine months ending Dec 31, 2005.
Sanatana Diamonds Inc.: Interim Financial Statements by Business Wire
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