Member Info for VistaMan

O2B@C, If Tullow knew there was lots of oil in Jamaica then why on earth would they have given up the license?

G_G_G,
PTAL is domiciled in Canada. HL tell me the 15% is not reclaimable. Other platform providers may differ.

G_G_G, after withholding tax is deducted the Dividend to UK holders would be 8.5%.
This is correct for HL customers with a completed W8BEN on file in an ISA or SIPP. Other platform providers might be different.

G_G_G,
Yes 10% but there is 15% Canadian Witholding Tax. To apply as well.

Duster, you are over-estimating the monthly revenue.

1275 bpd * $85 * 30.5 * 0.43 = $1.42MM

The gas is at such a low price it isn't worth counting.

Ginger Hippo, would you like to put your own % probability of them achieving £1bn market cap in 3-5 years given their current £12MM market cap?
Vista.

They just report the headline loss and don't make any effort to explain the non-cash charge for accounting reasons of the "mark to market" for the hedges! They probably won't explain them next year when the mark to market probably shows a significant profit given hedges are much higher that Henry Hub prices this year.
Vista

Earl of Aim, you really want to work on your reading and maths. The figure is 1445 boepd and the resultant revenue to UOG is ~ $17 MM pa. Assuming $80 oil and current has price.

BBB, I am sure if anyone has read Simply Wall Street articles in the past they will have seen they are riddled with inaccuracy and sloppy investigation. I have written to them several times complaining about misleading and inaccurate articles and could give many examples. One that sticks to mind was an article saying that they had doubts Hurricane could pay their bond debt, This was after Hurricane had repaid all the bonds and had a significant cash position. Their excuse when contacted was they work with annual reports which in this case was almost 12 months ago and their "data provider" showed the bonds as outstanding. They don't even check RNSs typically.
I won't be loosing any sleep over the article.

Brigra, thank you, I will read the tax treaty link and follow up with HL. Currently all my PTAL holdings are in ISAS. (Mine and my wife's)

I received the following reply from Hargreaves Lansdown regarding this matter. Other platforms may not respect the tax treaty and you may end up actually loosing 25% tax.

Thank you for getting in contact with us.

I can confirm that having a valid W8BEN form on file will result in a treaty tax rate of 15% WHT applied on dividends due to your ISA. As for the SIPP, this will also benefit from the treaty rate but not to 0% like US taxed dividends. As this is a Canadian domiciled stock, it is subject to Canadian tax treaty rates. Therefore your dividend received for shares due into the SIPP will also be taxed at 15% treaty WHT for Petrotal.

If you have any other questions, please get back to me.

Kind regards, HL.

BBB, Can you read? Can you point out any single part of my posts that don't state the tax position correctly?
You are so typical of a number of posters on various boards that cannot accept facts and resort to insults when confronted by them..
You can gauge board reaction for yourself by posts recommended!

Corryvreckan1, I am not surprised based upon the experience of holders at DEC. For anyone who wants to bother, if you go there and read a few posts you will see who respects the W8BEN/Tax Treaty and those who don't.
Vista.

BigBananaBob,
I am not sure what you are referring to in "I was scratching my head at the hoo Haaa".
I posted a message looking for confirmation of tax treatment of PTAL dividends, already being pretty confident how they would be treated in SIPPs/ISAs in certain providers such as HL. I was 100% confident that all holders would be unaware of the need for W8BEN forms to be completed, that these refer to Canadian domiciled companies as well as US domiciled companies and that only certain platform providers act upon them and actually deliver the appropriate dividend. I know this because I have a holding in Diversified Energy and there is this same debate on their board with every quarterly dividend. My thanks to JungleBabbler for confirming the tax treatment. I will post a reply from HL admin when I receive it.

Your contribution to the discusion was :
"The shares are listed on the LSE so the dividend will be paid - Clowns LSE - PTAL Duhhhh"
Yes you are correct the dividend will be paid but less the full 25% witholding tax unless you do something about it like completing a W8BEN and checking with your platform provider. Your note infers no need to do anything.
Then you have to complete it with insults like Clowns, Duhhh.
Whose the clown?

Sorry, my system has just updated and is now showing them. Apologies.

How do you contact LSE admin? It appears 21 posts have been removed this morning. I don't know why or by who.

BigBananaBob, being listed on LSE doesn't mean it's not subject to withholding tax. Remember PtAL is domiciled in Canada!

HL, damned autocorrect!

Thanks you JungleBabbler, that was my understanding as well, will follow-up with NO to hopefully confirm.
Vista

Anyone know what the tax treatment of the dividend will be for those who have completed W8BENs at suitable platforms such as HL?
0% withholding tax in a SIPP?
15% withholding tax in an ISA?
Thanks Vista