This is the first time the tax regime has shown it's head - in black and white.
40% of turnover (702,000 bopd) $22.00 Net profit per barrel at these flow rates, less than that $$ amount @ the 15k bopd target as the tax rises.
Hence why they will plateau production as stated. Note this is the first time they have ever mentioned 15k bopd would be a plateau and not implied it a milestone..
Someone's making a killing..... The Thai tax dept!
This is the first time the tax regime has shown it's head - in...
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