RE: Next week......23 Aug 2025 17:41
I belive tax advantages are based on production per well - ie as each well starts producing it gets a reduced tax rate of 0.5% for 12 months. This rate also applies to previously shut in wells that have not produced for 5+ years. Rate then goes to 9%.
So, in a sense this implies that there is no pressure to get multipple wells producing asap. However, I suspect Bo will crack on as fast as possible into cash generation from Rudyard and lets hope this inculdes the south dome area.
What happens with Ingomar is intriguing ....