The revised threshold for the imposition of Supplemental Petroleum Tax (SPT) has now been implemented, with the threshold at which SPT is due increasing from US$50/bbl to US$75/bbl for the financial years 2021 and 2022. As a result, we expect Trinity to be exempt from SPT across all of its onshore licences below US$75/bbl. Using the forward WTI oil price curve as the basis for our model, we currently forecast Trinity paying no SPT during 2021 and 2022. We estimate that at the current forward pri ....
12 Jan 2021
Cenkos: Trinity Exploration and Production Plc -- SPT Reform
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Cenkos: Trinity Exploration and Production Plc -- SPT Reform
Trinity Exploration & Production Plc (TRIN:LON) | 40.0 0 0.0% | Mkt Cap: 15.5m
- Published:
12 Jan 2021 -
Author:
James McCormack -
Pages:
4
The revised threshold for the imposition of Supplemental Petroleum Tax (SPT) has now been implemented, with the threshold at which SPT is due increasing from US$50/bbl to US$75/bbl for the financial years 2021 and 2022. As a result, we expect Trinity to be exempt from SPT across all of its onshore licences below US$75/bbl. Using the forward WTI oil price curve as the basis for our model, we currently forecast Trinity paying no SPT during 2021 and 2022. We estimate that at the current forward pri ....