Government’s share of Profit. Crude Oil (per cent %) The Government’s share of Profit Crude Oil shall not, on any occasion, result in a negative value and shall be determined each Month based on each of the percentages in the table below. The Government’s incremental basis. Production Tier share shall be determined Crude Oil Price Class on an A B C D Production up to 10,000 B/D Production in excess of 10,000 B/D and up to 15,000 B/D Production in excess of 15,000 B/D and up to 20,000 B/D Production in excess of 20,000 B/D and up to 25,000 B/D Production greater than 25,000 B/D Where: Price Class A refers to Government’s share for a Crude Oil price greater than zero or equal to Forty Five United States Dollars (US$45.00) per Barrel. Price Class B refers to Government’s share for a Crude Oil price greater than Forty Five United States Dollars (US$45.00) per Barrel but less than or equal to Sixty-Five United States Dollars (US$65.00) per Barrel. Price Class C refers to Government’s share for a Crude Oil price greater than Sixty-Five United States Dollars (US$65.00) per barrel but less than or equal to Ninety United States Dollars (US$90.00) per Barrel. Price Class D, Crude Oil price greater than Ninety United States Dollars (US$90.00) per Barrel, the Government’s share of Profit Crude Oil is equal to: BR + 70% [P –US$90) /P] (1-BR) where: BR refers to the Base Rates set out in Price Class D, and P is the Crude Oil price.
Government’s share of Profit. Natural Gas (per cent %) The Government’s share of Profit Natural Gas shall not, on any occasion, result in a negative value and shall be determined each Month based on each of the percentages in the table below. The Government’s share shall be determined on an incremental basis. Production Tier Natural Gas Price Class A B C D Production up to 60 MMcfd Production in excess Of 60 MMcfd and to 100 MMcfd Production in excess of 100 MMcfd and up to 150 MMcfd Production in excess of 150 MMcfd and up to 225 MMcfd Production in excess of 225 MMcfd and up to 300 MMcfd Production in excess Of 300 MMcfd Where: Price Class A refers to Government’s share for a Natural Gas price greater than zero or equal to Two United States Dollars and twenty five United States cents (US$2.25) per Mcf. Price Class B refers to Government’s share for a Natural Gas price greater than Two United States Dollars and twenty five United States cents(US$2.25)per Mcf but less than or equal to Four United States Dollars (US$4.00) per Mcf. Price Class C refers to Government’s share for a Natural Gas price greater than Four United States Dollars (US$4.00) per Mcf but less than or equal to Six United States Dollars (US$6.00) per Mcf. Price Class D, Natural Gas price greater than Six United States Dollars (US$6.00) per Mcf, the Government’s share of Profit Natural Gas is equal to: BR + 70% [(P – US$6.00) / P] (1-BR) where: BR refers to the Base Rates set out in Price Class D, and P is the Natural Gas price.
Government’s share of Profit. Natural Gas (per cent %) The Government’s share of Profit Natural Gas shall be determined each Month based on each of the percentages in the table below. The Government’s share shall be determined on an incremental basis. Production Tier Natural Gas Price Class A B C D Production up to 200 MMcfd Production in excess Of 200 MMcfd and up to 350 MMcfd Production in excess of 350 MMcfd and up to 500 MMcfd Production in excess of 500 MMcfd and up to 750 MMcfd Production in excess of 750 MMcfd and up to 1,000 MMcfd Production in excess Of 1,000 MMcfd Where: Price Class A refers to Government’s share for a Natural Gas price greater than zero but less than or equal to Two United States Dollars and Twenty-Five Cents (US$2.25) per Mcf. Price Class B refers to Government’s share for a Natural Gas price greater than Two United States Dollars and Twenty- Five Cents (US$2.25) per Mcf but less than or equal to Four United States Dollars (US$4.00) per Mcf. Price Class C refers to Government’s share for a Natural Gas price greater than Four United States Dollars (US$4.00) per Mcf but less than or equal to Six United States Dollars (US$6.00) per Mcf. Price Class D, Natural Gas price greater than Six United States Dollars (US$6.00) per Mcf, the Government’s share of Profit Natural Gas is equal to: BR + 70% [(P – US$6.00) / P] (1-BR) where: BR refers to the Base Rates set out in Price Class D, and P is the Natural Gas price.
