Lundin Oil (LOILY, LOILB Sweden) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: balisurf who wrote (203)	9/3/1997 12:23:00 AM
From: Tomas	of 2742

balisurf: "Upstream" stated the regional Malaysian government is making noises about a 5% backin to the PM-3 concession... Today I asked Magnus Nordin (CEO Sands Petroleum) about this, and he said it's an internal Malaysian quarrel between the Kuala Lumpur government and the local government, it does not affect IPC/Sands or other oil companies. Malaysian taxes are already too high, we can probably look forward to abolished export tax (20%) and reduced income tax (from 40% to 30%) in the future. Malaysia badly needs to attract new foreign investments in the oil sector. Nordin also said IPC/Sands profits from the devalued Malaysian currency (ringit), most expenses are paid monthly in cheap ringits. Tomas

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next