Ajax Oil Corporation drilled its first successful well on Lease A in 2018 Data for Lease A as of 12 31 18 are as follows REQUIRED Compute amortization for 2018 Leasehold costs Well IDC L WE Production during 2018 Total estimated proved reserves, 12 31 18 Total estimated reserves recoverable from we...

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Ajax Oil Corporation drilled its first successful well on Lease A in 2018. Data for Lease A

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Ajax Oil Corporation drilled its first successful well on Lease A in 2018. Data for Lease A as of 12/31/18 are as follows:

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REQUIRED: Compute amortization for 2018.

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Fundamentals Of Oil And Gas Accounting

ISBN: 9781593703639

6th Edition

Authors: Charlotte Wright

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Question Posted: Mar 08, 2024 10:02 AM

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Ajax Oil Corporation drilled its first successful well on Lease A in 2018. Data for Lease A

Question:

Leasehold costs Well IDC .... L&WE... Production during 2018. Total estimated proved reserves, 12/31/18 Total estimated reserves recoverable from well, 12/31/18 ... $ 50,000 200,000 75,000 8,000 bbl 792,000 bbl 102,000 bbl

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Fundamentals Of Oil And Gas Accounting

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