...Oisin Fanning's wages and this companies shareprice. An all time low now approaching with our massive share dilution.
I can recall a member of staff at San Leon telling me I was talking "horse@!£@" when I suggested an extra 500 million shares were going to hit the market. Then a matter of weeks later, lo and be-hold we are diluted by approx 500 million.
As I said its a matter of trust with this company. I've lost trust entirely with them all. It appears to me that the market has too.
Article if the polish gov state billions on their tax take..sle hold 42 licences..or 19 concessions..how much will they make... Author: PAP | 14-03-14 07: 24
In the years 2020-2029 may also affect the budget in respect of the tax on natural gas, oil and a special tax from 10-16.1 bln-estimated resort. According to the Polish tax system should hydrocarbons MF encourage investors.
Spokeswoman for the Finance Ministry announced that the new PAP Dróżdż Wiesława taxes will be collected only from 1 January 2020, which-according to the MF-is an essential incentive to investment. According to the Ministry's special tax on hydrocarbon has a good design; is based on cash flow and calculated on the basis of a cumulative cumulative revenues of eligible expenditure.
"In addition, the Bill proposes a number of incentives and preferences for investors in the mining sector of natural gas and oil," she pointed out. Indicated for example. to the exemption from taxation of wells in the light extraction tax of certain minerals, the ability to deduct from the tax on the extraction of certain minerals 19% loss outstanding taxpayer of extractive activities. In its view, the incentive may also be able to use individual rates of depreciation for wells and rigs.
In the assessment of the Ministry of Polish extraction system of taxation of hydrocarbons will be competing against other similar tax jurisdiction.
On Tuesday, the Government adopted a draft amendment to the geological and Mining Law (PGG) and the draft law on special tax stations (SPW). The first governs exploration concessions and the interests of the Member States, and the second relates to the taxation of mining. According to Prime Minister Donald Tusk with these regulations accelerate exploration and mining can be profitable. Read more: the Government adopted a draft set on shale gas
Amendment to the PGG simplifies administrative procedures, related searches and mining. Geophysical research you will be able to carry out only on the basis of the application, without having to apply for a concession. Instead several kinds of concessions the amendment creates a one-license search-reconnaissance +-the extractive, granted for 10-30 years; It will also be one instead of two separate documentation: geological and investment. The main environmental procedures-a long and complicated-moved from the beginning of the work on the final phase before extraction. Concessions will be awarded in tenders to which you will be able to become investors after prequalification procedure.
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