Ann: Onshore Indonesian Oil Operations Update - December 2019, page-25

After posting my post on the oil tax I was concerned whether we got reimbursed for the cost of producing the oil that the government takes.

So I sent an email again to Tino to see how that works. We do get reimbursed for the costs of producing the oil that the government takes.

It is not a direct payment to us.
It is part of the complex arrangement of working out the costs of the whole field and then sort of dividing up the profit to who is entitled.
Being reimbursed for drilling Bunian 5 is I assume tied up in this process as well.

As I posted before we have nearly been completely reimbursed for the costs of Bunian 5.

The quarterly could be very interesting, as we know some of the features we need to understand better. Better than random gossip from various posters.

Saltbus