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Hi,good post GenY. To answer a couple of your questions:1. WA...

  1. joelbaby
    1,739 Posts.
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    19/08/09
    03:21
    Post #: 5524853
    Hi,

    good post GenY. To answer a couple of your questions:

    1. WA State Royalties are usually 10% of wellhead value.
    2. Taxman takes 30% of profit. Profit is wellhead value (revenue), minus all expenses, royalties, depreciation, etc..

    Joel
    MEO Price at posting: 48.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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