Well feathers why don’t you educate me, tell me what the govt take is if not near 58% net of costs for Dorado?
Tell us what the TL govt gets net of costs for Buffalo? You think you”ll get 60% out under a PSC?
I am not a financial type, but in the oil business what the govt gets is very often more important than what the capex or opex is, so I make it my business to have at least a rudimentary understanding of the tax and royalty structure.
I”m only removing a third of your eggs, you”ll be fine.
EL
Fundamental Value, page-126
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