RE: Mou 3 / Mou -56 Jan 2025 09:26
Looks like i need to add lancygeo, to my list containing keith, grh, brl, rob, bob and a few others,,,,
a well rounded factual post to remind the lth and any newbies coming in of the potential and time lines for payment, especially the $1 million being offset by onhym,s 25% of costs contribution,possibly higher than $1mill.
the main point is pauls non declaration, so far-- of commerciality, to save 31% tax after 10 yrs taxfree start date and that could be a lot higher in say 5 yrs than we will be pumping out of the ground after mou5, as keith said a few days ago , paul has another 19 potential drill sites to explore... the tax on $1billion of gas /yearat 31%(hopefully!!) would be $310 mill / £234mill that year saved,and the next as well....
i think that is slightly higher than pauls wages for 1 year ,and ongoing costs from delays,as we know he is careful with our money,, this would make perfect sense to me. all my own guess,s of course! , so please dyor.