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7.1¢ invictus energy ltd

Ann: Invictus Energy Entitlement Rights Offer Opens, page-397

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Davy Boy

16,601 Posts.

3978

11/02/24

10:36

Post #: 72344857
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Originally posted by BigAl82956: ↑

Onthepunt wrote:

"I would remind you that plenty of countries, including Australia, operate on tax laws and not PSAs."

While plenty of countries operate on tax laws and not PSA's, those countries that operate on tax have specific miniming taxes.

The starting point is that petroleum resources are the property of the country as representated by the Government (USA is one expection to this) and the company enters into agreements which give them to get the rights to extract petroleum and compensate the country by abiding by the specific petroleum fiscal regime set by the country. Australia has a set of petroleum specific royalties to fo this, Zimbabwe has stated it will take the PSA route to get its share of the value of the petroleum produced.

So the signing of a PSA prior to producing oil and gas in Zimbabwe is a concern for investors.

Daniel Johnsons write a great book on this subject titled "International Petroleum Fiscal Systems and Production Sharing Contracts"

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There is already a concessionary licence in place that sets out the royalties and tax terms which is far far better for IVZ than the PPSA.
IF the gov don't sign then IVZ is way way better off.
That's a fact.

IVZ Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.1¢		Change 0.001(1.43%)		Mkt cap ! $107.6M

Open	High	Low	Value	Volume
7.0¢	7.2¢	7.0¢	$48.83K	692.4K

Buyers (Bids)

No.	Vol.	Price($)
1	64959	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	127246	3

View Market Depth

No.	Vol.	Price($)
1	64959	0.071
4	519013	0.070
2	190000	0.069
9	682793	0.068
5	309984	0.067

Price($)	Vol.	No.
0.072	127246	3
0.073	417251	5
0.074	954171	4
0.075	1008979	3
0.076	1187581	4

Last trade - 14.23pm 17/10/2024 (20 minute delay)

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