Hi mshualie,
In Indonesia the Govt's take is 85% for all oil projects and this does not take into account cost recovery. So it basically ends up being a 70 to 30 profit oil split. Then we have a 44% tax on profits.
Dont forget that all costs are recovered before the profit oil kicks in. So the cashflow is up front for Oilex.
Still very good for Oilex and its cash position when its most needed.
oex, page-10
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