About to Blow? Well what I think is that the company have made a very clear statement that the downward pressure on the share price has been removed. Doing that prior to the next operational update was a necessary step to restore market confidence ahead of well results. Ergo any half decent news on production should propel the share price significantly higher.
BARC Comp - S17 W20 - Closes SUNDAY 9PM Your guess for next FRIDAYS UT closing price in numerical order. LOWEST at the top, please. All new entrants welcome! - Usual deadline for Comp entries, about 9.00 PM on SUNDAY. Thanks & GLA! 176.97 jackdawsson 177.50 soi 179.25 mcn2000 183.40 donnydaws 185.00 Gold or Silver
Brexit Wars 3 john.a.reeves: Just like those of the Daily Express (well to the right), and Guardian (well the other way). Nothing impartial about either. The EXPRESS though really knows how to press EDL UKIP BREXITER buttons. You must love it…
Contractors Costs/Capex Recovery & CB Tax Payments MikeyAdmin: $45,654,300 minus 10% KRG Royalty = $41,080,770 $45,654,399 minus 10% KRG Royalty = $41,088,870 not $41,080,770
Brexit Wars 3 john.a.reeves: Nothing impartial about either. You’re talking about opinion pieces, not true journalistic reporting of the news. Yes, we all know the lines have been blurred far too much, especially in the right wing tabloid press, but that doesn’t make it journalism. That is probably why the UK has the lowest trust in their media than just about any country outside of those run by dictatorship cults. It is a danger to our democracy and has been all my voting life, but the drift has become much worse throughout the Brexit process and we appear to have shifted to a new low everyday standard. The BBC is far from immune. I remember the drastic change in tone during the Falklands War for example. The real question is was that the BBC being leant on by the government or just doing wht they thought the government would want. In such a case should a national broadcaster remain completely objective? Many programmes are now out-sourced to external production companies which i’m quite sure don’t hold themselves to the same standards which brings with it its own monitoring difficulties. I remember an interview with Richie Benaud when he first started as a cricket commentator for the BBC . He was absolutely lectured in the strictness of neutrality to both teams and he kept those standrds all his broadcasting life. Laughable to think anyone would take such things so seriously these days, but he was absolutely right, in my opinion.
Contractors Costs/Capex Recovery & CB Tax Payments My Apologies Based on a split of 30—70% of Profit Oil $45,654,300 minus 10% KRG Royalty = $41,080,770 $41,080,770 x 40% = $16,432,308 Cost Recovery divided by Working Interest $41,080,770 x 60% = $24,648,462 Profit Oil divided by 30–70% split $16,432,308 Cost Recovery equates to GKP receiving $13,145,846.4 and MOL receiving $3,286,461.6 The KRG gets 70% of the Profit Oil, $24,648,462 x 70% = $17,253,923.4 GKP & MOL get 30% of the Profit Oil, $24,648,462 x 30% = $7,394,538.6 MOL gets 20% of the Profit Oil and 20% of the Cost Recovery $7,394,538.6 x 20% = $1,478,907.72 + $3,286,461.6 Cost Recovery = $4,765,369.32 GKP Pays the 40% Capacity Building Tax on its Profit Oil $7,394,538.6 x 80% = $5,915,630.88 x 40% = $2,366,252.35 Capacity Tax Payment. $7,394,538.6 - $2,366,252.35 = $5,028,286.25 is GKP Share of the Profit Oil $5,028,286.25 + $13,145,846.4 = $18,174,132.65 Based on a split of 15—85% of Profit Oil $45,654,300 minus 10% KRG Royalty = $41,080,770 $41,080,770 x 40% = $16,432,308 Cost Recovery divided by Working Interest $41,080,770 x 60% = $24,648,462 Profit Oil divided by 30–70% split $16,432,308 Cost Recovery equates to GKP receiving $13,145,846.4 and MOL receiving $3,286,461.6 The KRG gets 85% of the Profit Oil, $24,648,462 x 85% = $20,951,192.7 GKP & MOL get 15% of the Profit Oil, $24,648,462 x 15% = $3,697,269.3 MOL gets 20% of the Profit Oil and 20% of the Cost Recovery $3,697,269.3 x 20% = $739,453,86 + $3,286,461.6 Cost Recovery = $4,025,915.46 GKP Pays the 40% Capacity Building Tax on its Profit Oil $3,697,269.3 x 80% = $2,957,815.44 x 40% = $1,183,126.18 Capacity Tax Payment. $2,957,815.44 - $1,183,126.18 = $1,774,689.26 is GKP Share of the Profit Oil after paying the Capacity Building Tax $1,774,689.26 + $13,145,846.4 = $14,920,535.66 Without knowing the exact Profit Oil Split it is hard to progress my calculations any further, but it’s safe to say that it’s closer to a 15—85% split than a 30—70% split, so probably around a 20—80% split. I’ll try and get it closer another time
Brexit Wars 3 Eadwig - of course!! Eadwig: all professional journalists are supposed to be impartial. Of course they are… Just like those of the Daily Express (well to the right), and Guardian (well the other way). Nothing impartial about either. JAR
Brexit Wars 3 J W - hi J_Westlock: that apply to ALL broadcasters… not just the BBC. Put the Greyhound on - I’ll almost certainly get more sense from your end. JAR
Brexit Wars 3 Eadwig - hi Eadwig: It might not be such a bad idea. Cheere m8! I think it’s a brilliant idea … up there with all my others. JAR
Brexit Wars 3 “… warnings have been sounded not to water down a review into the Windrush scandal after it was reported that a portion branding the Home Office “institutionally racist†was stripped out. The Times reported sources saying the phrase “institutionally racist†had been included in an earlier draft of the Windrush review led by the inspector of constabulary, Wendy Williams, but had subsequently been removed.†As if we didn’t know! And where is the report into Russian manipulation of the Referendum??? All this makes me think that we need an investigation into Home Office bias. Perhaps I should be able to unsubscribe from paying Priti Patel’s salary. Frog in a tree
Brexit Wars 3 john.a.reeves: The BBC has an obligation to be impartial (many people believe it is not) Don’t all news broadcasters? You know, ‘Free and Fair’, like Fox news?
Contractors Costs/Capex Recovery & CB Tax Payments The value I calculated is $45,654,300 not $54,654,300.
Brexit Wars 3 J_Westlock: That’s gonna be a very large board monitoring all that. Believe it or not, there are people that do this … looking for brands. I had a friend at college whose uncle did exactly this job for some agnecy or other. My friend thought that being paid to watch TV must be the dream job from heaven. He failed his first year badly enough to be excluded and we lost touch, I saw him once subsequently, working behind a bar. I don’t know if putting TV on such a pinnacle and the false start to his career were in anyway associated. I suppose the job is now done by recognition software, so he’ll be out of a career. If such a group existed during the referendum campaign, as @john.a.reeves suggests should exist, imagine all the lies it would have turned up being reported blindly by the media. It might not be such a bad idea.
Contractors Costs/Capex Recovery & CB Tax Payments Based on @ValueSeeker8 September amounts of Oil x Brent - 20+% the following are based a) on a 30% 70% and a 15% 85% split of Profit Oil [link] $54,654,300 minus 10% KRG Royalty = $5,465,430 = $49,188,870 $49,188,870 is then split 40% Cost Recovery and 60% Profit Oil $49,188,870 x 40% = $19,675,548 Cost Recovery which is Split 80% to GKP and 20% to MOL $49,188,870 x 60% = $29,513,322 Profit Oil. $29,513,322 Profit Oil is split 30% to GKP & MOL and 70% to the KRG $29,513,322 Profit Oil x 70% = $20,659,325.4 is the KRG’s Share of the Profit Oil $29,513,322 Profit Oil x 30% = $8,853,996.6 is Shared on the WI Basis between GKP & MOL $8,853,996.6 x 80% = $7,083,197,28 is GKP’s Share of the Profit Oil. $8,853,996.6 x 20% = $1,770,799.32 is MOL’s Share of the Profit Oil. ($49,188,870 x 40% = $19,675,548 Cost Recovery which is Split 80% to GKP and 20% to MOL) $19,675,548 x 20% = $3,935,109.6 is MOL’s Cost Recovery $19,675,548 x 80% = $15,740,438.4 is GKP’s Cost Recovery MOL’s $1,770,799.32 Profit Oil plus $3,935,109.6 = $5,705,908.9 GKP’s $7,083,197,28 share of the Profit Oil is subject to a 40% Capacity Building Tax $7,083,197,28 x 40% = $2,282,363.57 is the amount of the Capacity Building Tax GKP has to Pay $7,083,197,28 minus $2,282,363.57 = $4,249,918.37 One can then add to the $4,249,918.37 GKP’s 80% share of the Cost Recovery $4,249,918.37 + $15,740,438.4 = $19,990,356.77 My Calculations using a Profit Oil Split of 15% GKP & MOL and 85% KRG $54,654,300 minus 10% KRG Royalty = $5,465,430 = $49,188,870 $49,188,870 is then split 40% Cost Recovery and 60% Profit Oil $49,188,870 x 40% = $19,675,548 Cost Recovery which is Split 80% to GKP and 20% to MOL $49,188,870 x 60% = $29,513,322 Profit Oil. $29,513,322 Profit Oil split 15% to GKP & MOL and 85% to the KRG $29,513,322 Profit Oil x 85% = $25,086,323.7 is the KRG’s Share of the Profit Oil $29,513,322 Profit Oil x 15% = $4,426,998.3 is Shared on the WI Basis between GKP & MOL $4,426,998.3 x 80% = $3,541,598.64 is GKP’s Share of the Profit Oil. $4,426,998.3 x 20% = $885,399.66 is MOL’s Share of the Profit Oil. ($49,188,870 x 40% = $19,675,548 Cost Recovery which is Split 80% to GKP and 20% to MOL) $19,675,548 x 20% = $3,935,109.6 is MOL’s Cost Recovery $19,675,548 x 80% = $15,740,438.4 is GKP’s Cost Recovery MOL’s $885,399.66 Profit Oil + $3,935,109.6 Cost Recovery = $4,820,509,26 GKP’s $3,541,598.64 share of the Profit Oil is subject to a 40% Capacity Building Tax $3,541,598.64 x 40% = $1,416,639.46 is the amount of the Capacity Building Tax GKP has to Pay $3,541,598.64 minus $1,416,639.46 = $2,124,959.18 One can then add to the GKP $2,124,959.18 Profit Oil to GKP’s 80% share of the Cost Recovery $2,416,639.46 + $15,740,438.4 = $18,157,077.86
Frontera Public Statement Off topic While we wait for our fate is anyone in any other stocks? I managed to get into BPC recently under 4p and have a large short on the DOW at 29300, hoping for 1000 pips due to this virus malarkey.
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