The Government of Trinidad and Tobago as part of the 2023 Budget Statement have included three proposals which will directly benefit Trinity's existing onshore producing assets and could potentially improve the economics of the Company's Galeota shallow marine licence. Onshore, the sunset clause for the previously increased threshold price of US$75/bbl for oil before Supplemental Petroleum Tax (SPT) is applicable, has been removed. For new oil wells in shallow water marine areas, whether in exis ....
28 Sep 2022
Cenkos: Trinity Exploration & Production Plc -- Fiscal Change!
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Cenkos: Trinity Exploration & Production Plc -- Fiscal Change!
Trinity Exploration & Production Plc (TRIN:LON) | 39.5 0 0.0% | Mkt Cap: 15.3m
- Published:
28 Sep 2022 -
Author:
James McCormack -
Pages:
10
The Government of Trinidad and Tobago as part of the 2023 Budget Statement have included three proposals which will directly benefit Trinity's existing onshore producing assets and could potentially improve the economics of the Company's Galeota shallow marine licence. Onshore, the sunset clause for the previously increased threshold price of US$75/bbl for oil before Supplemental Petroleum Tax (SPT) is applicable, has been removed. For new oil wells in shallow water marine areas, whether in exis ....