IVZ 4.55% 6.9¢ invictus energy ltd

Ann: Gas Sales Agreement to Deliver Power to Eureka Gold Mine, page-250

  1. 16,159 Posts.
    lightbulb Created with Sketch. 3779
    As posted above its based on R factor and the % is of PROFIT after ALL costs including exploration/development costs.

    As the field becomes more profitable then the % to gov increases.
    At the start it will probably be below 15%.

    Please do your self a favour and before you post again use the link and go and read how this stuff works from actual contracts. I suggest you search Mozambique from the list / hydrocarbons.
    The top one is where I posted the R ratio from.

    It does everyone here a disservice banging on about a point when the entire basis for you argument is completely wrong.
    https://www.resourcecontracts.org/
    Click on the box that say text top left and it will open the PSA in the window. Section 9 deals with profit sharing.
 
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