EL,
We will agree to disagree on the relativity of the Canadian POE situation as its obvious that "you" see Hartleys being some 0.65 cents per share overvalued in their value of CVN where I see their stated $1.15 conservative valuation being within 0.20c - 0.25c.
As per Hartleys report they used US$93bbl oil price assumption for SRB calcs. (exch rate @ 0.91 AUD/USD)
(start quote)
Where the PRRT does not apply, such as onshore and in State waters or the North West Shelf project, crude oil excise and royalties are payable. Royalties are levied at a rate of between 10 percent and 12.5 percent of net wellhead value of all petroleum produced.
The rate of crude oil excise depends on the annual rate of production of crude oil, the date of discovery of the petroleum reservoir and the date on which production commenced. 'New' oil is crude oil discovered after 18 September 1975 it is excised on a progressive scale with a top marginal rate of 30 per cent.
The Petroleum Revenue Act 1985 allows the Australian Government to waive excise on particular onshore projects. To do this, the State or Territory, with the agreement of the production licensee, must introduce a resource rent royalty (RRR) for that project, and make a revenue sharing agreement with the Australian Government. RRR is a royalty based on a percentage of net cash flow.
What rate of tax is paid by non resident companies deriving income from Australia?
The rate for an Australian resident company is 30% however the non resident company rate varies, if the income derived is interest, dividends, or royalties. It may also vary where the income is earnt by a non resident company that is a resident of a country Australia has a tax treaty with.
(end quote)
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Mkt cap ! $268.3M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $155.3K | 1.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 530233 | 14.5¢ |
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Price($) | Vol. | No. |
---|---|---|
15.0¢ | 440281 | 13 |
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No. | Vol. | Price($) |
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3 | 530233 | 0.145 |
13 | 2235422 | 0.140 |
3 | 462000 | 0.135 |
4 | 529300 | 0.130 |
2 | 257503 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 440281 | 13 |
0.155 | 838157 | 15 |
0.160 | 1150434 | 18 |
0.165 | 225510 | 6 |
0.170 | 477678 | 10 |
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