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Unproved Oil and Gas Properties, Full Cost Method
 6 Months Ended
Jun. 30, 2019
Extractive Industries [Abstract]  
Unproved Oil and Gas Properties, Full Cost Method

Note 4 - Unproved Oil and Gas Properties, Full Cost Method

 

Unproved oil and gas properties, under the full cost method, are comprised as follows:

 

   June 30,
2019		   December 31,
2018		 
   US$ thousands   US$ thousands 
Excluded from amortization base:        
Drilling costs, and other operational related costs   1,243    1,242 
Capitalized salary costs   1,668    1,579 
Capitalized interest costs   715    677 
Legal costs, license fees and other preparation costs   3,484    3,216 
Other costs   11    - 
    *7,121    *6,714 

 

* The unproved oil and gas properties balance at June 30, 2019 and at December 31, 2018 contains approximately $136,000 and $2,946,000, respectively, in unpaid amounts.

 

Impairment of unproved oil and gas properties comprised as follows: 

 

   June 30,
2019		   June 30,
2018		 
   US$ thousands   US$
thousands		 
Excluded from amortization base:        
Drilling costs, and other operational related costs   159    - 
Other costs   69    - 
    228    - 

 

Changes in Unproved oil and gas properties during the six months ended June 30, 2019 and 2018 are as follows:

 

   June 30,
2019		   June 30,
2018		 
   US$ thousands   US$ thousands 
Excluded from amortization base:          
Drilling costs, and other operational related costs   1    7,326 
Capitalized salary costs   89    423 
Capitalized interest costs   38    156 
Legal costs, license fees and other preparation costs   268    596 
Other costs   11    143 
    *407    *8,644 

 

·Inclusive of non-cash amounts of approximately $174,000 and $3,872,000 during the six months ended June 30, 2019, and 2018, respectively.