another angle
page 12 of the latest preso - see the last point (note - for calcs CVN gets 85% of WTI)
Fiscal Regime
�� Royalty tax - 5 – 15% sliding scale on monthly production levels (current ~8%)
�� SRB tax - 0 -75% of profits once capital recovered
�� Company tax - 50% on net profit after royalty and SRB
�� Based on Gaffney Cline’s report, company take equates to approx 30% future net
revenue after taxes and costs
good news week, page-45
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