Why do you keep harping on sovereign risk? The PRRT was there before Woodside and Brazilian O/G did their due diligence for the Atremis and Caterina prospect.
Nothing has changes fundamentally and certainly nothing has changed the way it will be taxed in future nor the DCF discounting factors used for the valuation by Pattersons, all except maybe the price of oil and gas today!
This is my first foray into O/G coincidently just pre-RSPT but I can see the benefits of having more exposure in this sector. There is no uncertainty of policy change except maybe O/G companies can opt for RSPT instead as has been brought to my attention just now.
Good luck and looking to add more.
voelte sovereign risk, page-21
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