Unproved Oil and Gas Properties, Full Cost Method

12 Months Ended

Dec. 31, 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:

	December 31, 2019		December 31, 2018
	US$ thousands		US$ thousands
Excluded from amortization base:
Drilling costs, and other operational related costs		1,227		1,242
Capitalized salary costs		1,759		1,579
Capitalized interest costs		990		677
Legal and seismic costs, license fees and other preparation costs		6,636		3,216
Other costs		25		-
		10,637		6,714

Impairment of unproved oil and gas properties comprised as follows:

	For the year ended December 31,
	2019		2018
	US$ thousands		US$ thousands
Excluded from amortization base:
Drilling costs, and other operational related costs		244		27,371
Capitalized salary costs		-		1,006
Legal and seismic costs, license fees and other preparation costs		-		2,039
Other costs		70		490
		314		30,906

Changes in Unproved oil and gas properties during the years ended December 31, 2019, and 2018, are as follows: 

	December 31, 2019			December 31, 2018
	US$ thousands			US$ thousands
Excluded from amortization base:
Drilling costs, and other operational related costs		229			13,614
Capitalized salary costs		180			551
Capitalized interest costs		313			331
Legal and seismic costs, license fees and other preparation costs		3,420			1,168
Other costs		95			261
Impairment of unproved oil and gas properties		(314	)		(30,906	)
		*3,923			(*14,981	)

* Inclusive of non-cash amounts of approximately $332,000, and $3,625,000 during the years 2019, and 2018, respectively

Please refer to Footnote 1 – Nature of Operations and Going Concern for more information about Zion's exploration activities.