"This has been another extremely busy year across the Company's extensive Irish offshore acreage portfolio. Central to our activities has been the Barryroe farm-out process, which is now nearing completion."
President Komorowski inks hydrocarbons tax law Poland's President Bronislaw Komorowski signed the hydrocarbons tax bill, including a cap on shale gas taxation at some 40% of income and introduction of the burden only as of 2020. The total tax burden for shale gas extraction should not surpass on average 40% of income and will consist of two elements - a royalty on extraction and a special hydrocarbons gains tax. The royalty on unconventional resources will measure 1.5% of the value of extracted volume in the case of shale gas and 3% in the case of shale oil. In conventional resources, the levy will measure 3% in the case of natural gas and 6% in the case of crude oil. The special hydrocarbons tax will be flexible and will measure from 0 to 25%, depending on the level of incurred costs and generated revenues, the cabinet said. The bill was passed by the lower house of parliament at the end of July.
genel/sid moussa will or wont be a hit..as you say offshore is always difficult to gauge..3 bite of the cherry so to speak is what we have so good luck to them..all to play for on all fronts with sle with some game changing and company makers in line..gunna be an exciting next number of days/weeks ahead..cheers links
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