Ambassador Oil and Gas (ASX:AQO) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Jun. 2014)

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What is Ambassador Oil and Gas Long-Term Capital Lease Obligation?

Ambassador Oil and Gas's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2014 was A$0.00 Mil.

Ambassador Oil and Gas Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ambassador Oil and Gas's Long-Term Capital Lease Obligation 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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Ambassador Oil and Gas Long-Term Capital Lease Obligation Chart

Ambassador Oil and Gas Annual Data

Trend

Jun12

Jun13

Jun14

Long-Term Capital Lease Obligation

Ambassador Oil and Gas Semi-Annual Data
	Jun12	Jun13	Jun14
Long-Term Capital Lease Obligation	-	-	-

Ambassador Oil and Gas (ASX:AQO) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Ambassador Oil and Gas Long-Term Capital Lease Obligation Related Terms

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Ambassador Oil and Gas (ASX:AQO) Business Description

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Address

Website

http://www.ambassadorexp.com.au

Ambassador Oil & Gas Limited was incorporated on 7 august 2011. It is involved in the exploration for oil and gas in South Australia. The company has assembled a portfolio of prospective exploration assets located in the Cooper and Eromanga Basins. It has exploration licences in Australia and exploration leases in the United States of America. The portfolio contains a mix of exploration targets including conventional oil, conventional gas and unconventional gas from coal and shale.

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