MEC Resources (ASX:MMR) Construction In Progress : A$0.00 Mil (As of Dec. 2023)

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What is MEC Resources Construction In Progress?

MEC Resources Construction In Progress Historical Data

The historical data trend for MEC Resources's Construction In Progress 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.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MEC Resources Construction In Progress Chart

MEC Resources Annual Data

Trend

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Construction In Progress

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MEC Resources Semi-Annual Data
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MEC Resources Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

MEC Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEC Resources Ltd (ASX:MMR) » Definitions » Construction In Progress

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Traded in Other Exchanges

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Address

114 Cedric Street, Unit 12, Level 1, Stirling, WA, AUS, 6151

Website

https://www.mecresources.com.au

MEC Resources Ltd through its subsidiaries is engaged in the exploration and development of oil and gas properties in Australia. The company holds interests in the EP386 and RL1 assets located in the onshore Bonaparte Basin in the north of Western Australia and Northern Territory; and PEP11 asset located in the offshore Sydney Basin.

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