Prospecting costs

What is Prospecting costs?

Prospecting costs meaning Direct and indirect costs incurred to identify areas of interest that may warrant detailed exploration. Such costs include those incurred for topographical, geological, and geophysical studies; rights of access to properties in order to conduct such studies, salaries, equipment, instruments, and supplies for geologists, including geophysical crews, and others conducting such studies; and overhead that can be identified with those activities.

 

reference: Glossary – U.S. Energy Information Administration (EIA)

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