Silicon Investor (SI) -- The First Internet Community

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 : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (178595)	5/21/2013 3:06:45 PM
From: Dennis Roth	1 Recommendation Read Replies (2) \| Respond to of 206347

Poland Shale Boom Falters as State Targets Higher Taxes By Marek Strzelecki - May 21, 2013 10:14 AM ET bloomberg.com ...Of 39 wells planned for 2013, just two were drilled by May, Environment Ministry data show. The government plans to require that explorers take a state-run company as a production partner. It has also proposed raising taxes to almost 80 percent of profit, according to Ernst & Young estimates. The measures, announced in October, haven’t become law. “What’s been done here is what Poles call dividing up the bear hide before you’ve shot the bear,” said Tom Maj, who led the Polish operations of Talisman Energy Inc. (TLM), the Canadian explorer that pulled out of Poland earlier this month. “This has been hugely damaging to the shale gas project as evidenced by the negligible number of wells of the past few months...”