As a graduate from SDD-UBIDS who got employment at Kosmos energy in Accra at the Finance Directorate, the Director of Finance invited you to his office and asked you about the institution you did your masters and as to whether you did any course relating to Oil and Gas Accounting, after informing him about you completing SDD-UBIDS weekend MBA in Accounting, he smiled, expressed his excitement and told you to write a Memo to him explaining the concept of upstream activities related to Oil and Gas Accounting taking into account relevant laws in Ghana.

b. differentiate between a proved property and an unproved property