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Gold/Mining/Energy : TYK (VSE) Tanganyika Oil
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To: HotnSpicy who wrote (473)1/30/2005 5:07:30 AM
From: TheRealJRL  Read Replies (1) of 500
 
During cost-recovery it's the other way around, TYK 70% Syria 30% of course after royalty have been paid.
What many people is missing out is that this PSA is based on sharing the oil not the revenue, i.e. TYK doesn't have to pay any tax on their share. In many other countries the PSA is based on tax, i.e. the government takes >70% tax on the revenue made on the companies oil. Same same but different...

So your calculations on $59/flowing boe is not equivalent with companies having a tax-based PSA, e.g. Lundin Petroleum.
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