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Question 15 Mateen Oil and Gas Company provides the following data: 2019 Unproved property acquisition...

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Question 15 Mateen Oil and Gas Company provides the following data: 2019 Unproved property acquisition Proved property acquisition G&G Exploratory drilling (including dry hole) Development drilling Extensions and discoveries Equipments 35,000 60,000 450,000 318,000 155,000 83,000 60,000 2020 55,000 50,000 430,000 473,000 95,000 78,000 55,000 2021 81,000 70,000 475,000 535,000 190,000 85,600 85,000 Use formula 1 without revision to find the Finding costs per BOE for 2020. O 11.6759 11.6579 O 11.9765 O 11.7569 O 11.5769

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