Costs in the exploration phase are incurred to discover economically recoverable reserves,while costs in the evaluation phase are incurred to prepare the areas of interest for effective exploitation of the reserves.

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The Answer of Costs in the exploration phase are incurred to discover economically recoverable reserves,while costs in the evaluation phase are incurred to prepare the areas of interest for effective exploitation of the reserves.

Costs in the Exploration Phase Are Incurred to Discover Economically