Posted by VenFx > 2017-09-27 22:53 | Report Abuse

The Lau333

For providing us the sensitivity analysis for the
Brent price vs Bunga Raya share price

Posted by supersaiyan3 > 2017-09-28 09:25 | Report Abuse

Fair enough.

Posted by OrlandoOil > 2017-09-28 09:43 | Report Abuse

North Sabah -> 30/100 Profit Sharing x (1-38% tax rate)

30% profit sharing 38% tax rate Where do u get tis from?

Posted by Lau333 > 2017-09-28 19:19 | Report Abuse

OrlandoOil, the term specific to North Sabah PSC was not disclosed by Hibiscus to BURSA, citing confidentiality reason. The premise for modeling the profitability and price sensitivity under PSC term was articulated in my previous post, i.e ” Shell Trilogy: The Last Call. ”
You may refer to links below for further information on PSC:
https://hub.globalccsinstitute.com/publications/assessment-capture-and-storage-potential-co2-co-produced-natural-gas-south-east-asia/a52-malaysian-psc
http://www.ccop.or.th/ppm/document/CAWS4/MalaysianPSC.pdf

Posted by OrlandoOIL > 2017-10-08 22:14 | Report Abuse

Lau333 d tax rate for North Sabah sld not b 38% but 25%

Petroleum income tax

Petroleum income tax is imposed at the rate of 38% on income from petroleum operations in Malaysia. An effective petroleum income tax rate of 25% applies on income from petroleum operations in marginal fields with effect from 30 November 2010. No other taxes are imposed on income from petroleum operations.
08/10/2017 22:11

Posted by Lau333 > 2017-10-09 18:34 | Report Abuse

OrlandoOil, At first I thought EOR qualify for marginal field tax rate. But I have no evidence of so despite extensive online search. So to be on the conservative side, I choose to use higher rate.

Quote:
The qualified marginal field is a specific area determine by the Minister, and is a field in a petroleum agreement area that has potential crude oil reserves not exceeding 30 million stock tank barrels or natural gas reserves not exceeding 500 billion standard cubic.
Unquote:

http://www.ey.com/Publication/vwLUAssets/Malaysia_provides_tax_incentives_to_encourage_marginal_oil_field_development/$FILE/2013US_CM3369_Malaysia%20provides%20tax%20incentives%20to%20encourage%20oil%20field%20development.pdf