"Under the terms of the Block 12 PSA, Frontera is exempt from all taxes imposed by the government of Georgia, and any taxes imposed on the Company are paid by Georgian Oil on behalf of the Company from Georgian Oil’s 51% share of Profit Oil. Taxes are defined by the Block 12 PSA to mean all levies, duties, payments, fees, taxes or contributions payable to or imposed by any government agency, subdivision, municipal or local authorities within the government of Georgia."
Obviously this was written with oil in mind - suspect there is a behind scenes "debte" on meaning given the developing gas story
Your mafia is a bit off but considerably closer. However the base calculations are way off. If frr sold the field for 1 tcf then we could talk those numbers.
But pricing it in like that after a Cpr is very unlikely AND you are presuming it is proven. I am guessing for 1 tcf given the internal recoverable and recent drilling and infrastructure work but it is a guess.
A point (it might have been onedb on ii) and I need to get it verified but the point ( and it was news to me) was that gogc get half the profit but pay ALL the tax on the oil NOT the gas. If someone could ask him to point to the source for that it would be good.
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