GREY:TBDYF - Post by User
Comment by
elmothefearlesson Nov 17, 2012 12:42pm
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Post# 20613675
RE: Accounting
RE: Accounting I'd venture to guess that the entry will be debit Sandstorm liability (i.e. it will be removed), and credit petroleum and natural gas assets (i.e. reduces the amount capitalized to PNG). The only way it will "hit the bottom line" will by way of a reduction in the depreciation of PNG assets taken.
I doubt the accounting has anything to do with the sun shining brighter for TBD, the $7.0 million being advanced would be nice, though. Looks like TBD could use the money.