Production of block 9 is based on " Production Sharing Contract" and 67/33 basis with 67% in Melbana favour. This means that Melbana gets 67c from every dollar. It is also worth noting that Melbana is exempt from paying local taxes for the first eight years and max 22.5% thereafter. Given the low production cost of about USD15 / barrel, there is potential for some serious profit. Time will tell.....good luck to all shareholders.
Production of block 9 is based on " Production Sharing Contract"...
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