Tethys Oil AB (OSTO:TETY) Buildings And Improvements : kr0 Mil (As of Mar. 2024)

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What is Tethys Oil AB Buildings And Improvements?

Tethys Oil AB Buildings And Improvements Historical Data

The historical data trend for Tethys Oil AB's Buildings And Improvements can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
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Tethys Oil AB Buildings And Improvements Chart

Tethys Oil AB Annual Data

Trend

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Buildings And Improvements

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Tethys Oil AB Quarterly Data
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Tethys Oil AB Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction. Broker and architect fees, permits, etc. can be covered within this category. Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized. Improvements are commonly recorded at acquisition cost. Building improvement examples include roofing, remodeling, replacements, etc.

Tethys Oil AB (OSTO:TETY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tethys Oil AB (OSTO:TETY) » Definitions » Buildings And Improvements

Comparable Companies

Traded in Other Exchanges

TZB0:Germany

Address

Hovslagargatan 5B, 1 tr, Stockholm, SWE, SE-111 48

Website

https://www.tethysoil.com

Tethys Oil AB is a Sweden-based energy company. The company is focused on oil and gas exploration and production onshore areas with known discoveries. Its core area of focus is the Sultanate of Oman, where the company holds license interests in three onshore blocks Blocks 3 and 4, Block 49, Block 56, and Block 58. . Tethys Oil has licenses in three countries namely Oman, Lithuania, and France. The majority of its revenue is generated through its operations in Oman.

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