SGC 11.1% 0.8¢ sacgasco limited

Government Royalty and Overriding Royalty Interests – The...

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    Government Royalty and Overriding Royalty Interests – The Project Peregrine leases (“Leases”)
    are situated in the National Petroleum Reserve – Alaska (NPR-A) and are administered by the US
    Department of the Interior - Bureau of Land Management (BLM). All leases issued by BLM are subject
    to a royalty and 88E’s Leases are subject to a 12.5% government royalty. In addition, the Leases are
    subject to an overriding royalty of 1.5% payable to non-related parties of the Company. The net
    economic interest to 88E has therefore been calculated as 86% and the Net Entitlement Prospective
    Resources have been adjusted to reflect this
 
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