What was the 'Exploration expense' for Petro Stopping Center in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Exploration and evaluation costs | |||
| Exploration expenditure written off | 374 | 272 | 69 |
| Other exploration costs | 107 | 86 | 87 |
| Exploration expense for the year | 481 | 358 | 156 |
| Intangible assets – exploration and appraisal expenditurea | 871 | 879 | 773 |
| Liabilities | 57 | 84 | 67 |
| Net assets | 814 | 795 | 706 |
| Cash used in operating activities | 107 | 85 | 86 |
| Cash used in investing activities | 734 | 392 | 375 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the exploration expense for the year 2024 was $481. This figure represents the total exploration expense related to the company's activities in exploring for oil and natural gas resources. The FDD also provides comparative figures for 2023 and 2022, which were $358 and $156 respectively.
It is important to note that this exploration expense is part of a broader set of financial information related to the company's oil and natural gas exploration activities. The FDD also lists 'Exploration expenditure written off' and 'Other exploration costs' separately. For 2024, the exploration expenditure written off was $374, and other exploration costs amounted to $107. These figures, along with the 'Exploration expense for the year', provide a more detailed breakdown of the costs associated with Petro Stopping Center's exploration activities.
Prospective franchisees should understand that these exploration expenses reflect Petro Stopping Center's investments in finding and evaluating oil and natural gas resources. While these costs are not directly related to the operation of a Petro Stopping Center franchise, they provide insight into the financial activities and strategic direction of the parent company. Understanding these figures can help franchisees assess the overall financial health and investment priorities of Petro Stopping Center.