Impact should b minimal on Karoon. As per their Feb presentation, slide #12, clearly shows that once production begins in the Browse Basin in 2016, Resource Tax will b paid frm 2023 to WA DMP.
However, they will have to pay 1.5% royalty to the tenement holder 'Liberty' based in Phoenix, AZ, for the first 5 years & 2% per annum thereafter. Company tax of 30% is compulsory is standard & applies to all.
As for Sth America, the relevant royalties (apprx 10% each) will b paid to the ANP in Brzl & PeruPetro (chk BPZ's financial statements for the official figure of oil sales frm their nearby Albacora offshore field).
Impact should b minimal on Karoon. As per their Feb...
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Last
$1.92 |
Change
0.058(3.08%) |
Mkt cap ! $1.533B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.95 | $1.88 | $11.52M | 6.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 5943 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 77214 | 32 |
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| Last trade - 12.51pm 01/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |