st reversal likely - fib, candle & momentum , page-8

Hi 4eyes,

My take on it was that it applied specifically to offshore developments. Currently the total tax take ,State and Fed ,from the o/s projects is around 50%.

The Henry review is talking about a total take of what works out to be up to 65% of GR...if this is correct then it is totally outrageous.

Even the current figure is outrageous.

Please check it out..I was in between phone conversations when "Kholers" Business week reported on it..I have not had time to review it...maybe you can do it..there are some nervous off shore oprators out the at the moment.

I may be wrong..but it is what I gleened ..correct me if I am wrong on this...I hold fast on my view that deal has gone on too long in terms of implementation by the Farminee..lost opportunity costs, etc...I get the feeling that the Farm In partner is to blame here...does not bode well if correct.


I stand free to be corrected! DYODD and let me know...I am reticicent spreading rumours from information provide by the ABC.

Cheers

HR.