exploratoray drilling

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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November 20, 2020 at 6:02 pm #595817
meenahil
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will not the exploratory drilling considered to be at research phase of the project and needs to be expensed?
November 22, 2020 at 8:40 am #596017
Stephen Widberg
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At first sight yes – but there is a lot of inconsistency between companies. So it seems that anything ‘relevant and reliable’ may be OK.

Deloitte have a nice article if you are interested:

file:///C:/Users/44772/Downloads/0501ifrs6.pdf
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