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TeachMeFinance.com - explain Prospecting costs Prospecting costs The term 'Prospecting costs' as it applies to the area of energy can be defined as ' Direct and indirect costs incurred to identify areas of interest that may warrant detailed exploration. Such costs include those incurred for topographical, geological, and geophysical studies; rights of access to properties in order to conduct such studies, salaries, equipment, instruments, and supplies for geologists, including geophysical crews, and others conducting such studies; and overhead that can be identified with those activities'. Previous 5 Terms: Pros And Cons prosodic prosody prosopic Prospecting Next 5 Terms: Prospective Payment System prospectus prostatolith Protected Health Information Protective Action About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.