emily - glad you picked up on the possible transformational information quoted In the Argus report from Kingston 18/0//2017.
' We are going to address the way in which the supplemental tax kicks in to make it profit based tax rather than revenue based and this should encourage companies to engage in greater exploration and production ' Imbert said.
Changes will also be made to production - sharing contracts that allow production to be split between the government and the company, after the company has recovered it's expenses - to be unveiled first quarter 2017.
The latter change could be absolutely massive for a company like LGO with big plans for a new well drilling programme - bashers have tried to undermine Neil's suggestion of payback over 12 months at WTI a tad under $50 on the existing basis - what if Petrotrin were to take even less in royalties until the well expenses were covered - can't wait to see more details on this - probably those that mix with opinion formers over in Trinidad have a better idea of what the government has in mind.
Without knowing full details I'm pleased to have read that government are wanting to improve the position for oil investment in Trinidad - bad news for our resident bashers including Roulette Ross looking like he's had his chips!!!!
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