1. Compare between the treatment of development costs under both SE and FC methods and provide your own example with journal entries.

2. Describe the development activities and production activities and state the differences between them

3. Compare between developed reserves and undeveloped reserves and explain their accounting implications

4. List types of internal costs, state their accounting treatment and give two examples of journal entries

5. What could be important factors for not completing ( surrendering ) the well operations: list at least five factors.