Common use of Government’s share of Profit Clause in Contracts

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. 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 share shall be determined on an 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 bbl per day Production in excess of 10,000 B/D bbl per day and up to 15,000 B/D bbl per day Production in excess of 15,000 B/D bbl per day and up to 20,000 B/D bbl per day Production in excess of 20,000 B/D bbl per day and up to 25,000 B/D bbl per day Production greater than 25,000 B/D bbl per day Where: Price Class A refers to Government’s share for a Crude Oil price greater than zero but less than or equal to Forty Five Sixty United States Dollars (US$45.0060.00) per Barrel. Price Class B refers to Government’s share for a Crude Oil price greater than Forty Five Sixty United States Dollars (US$45.0060.00) per Barrel but less than or equal to SixtySeventy-Five five United States Dollars (US$65.0075.00) per Barrel. Price Class C refers to Government’s share for a Crude Oil price greater than SixtySeventy-Five United States Dollars (US$65.0075.00) per barrel but less than or equal to Ninety One Hundred and Twenty-Five United States Dollars (US$90.00125.00) per Barrel. Price Class D, Crude Oil price greater than Ninety One Hundred and Twenty-Five United States Dollars (US$90.00125.00) per Barrel, the Government’s share of Profit Crude Oil is equal to: BR + 7050% [P –US$90125) /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. 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 share shall be determined on an incremental basis. Production Tier share shall be determined Crude Oil Price Class on an A B C D Production up to 10,000 75,000 B/D - - - - Production in excess of 10,000 75,000 B/D and up to 15,000 100,000 B/D - - - - Production in excess of 15,000 100,000 B/D and up to 20,000 150,000 B/D - - - - Production in excess of 20,000 150,000 B/D and up to 25,000 200,000 B/D - - - - Production greater than 25,000 200,000 B/D - - - - Where: Price Class A refers to Government’s share for a Crude Oil price greater less than zero or equal to Forty Five Fifty United States Dollars (US$45.0050.00) per Barrel. Price Class B refers to Government’s share for a Crude Oil price greater than Forty Five Fifty United States Dollars (US$45.0050.00) per Barrel but less than or equal to SixtySeventy-Five United States Dollars (US$65.0075.00) per Barrel. Price Class C refers to Government’s share for a Crude Oil price greater than SixtySeventy-Five United States Dollars (US$65.0075.00) per barrel but less than or equal to Ninety One Hundred United States Dollars (US$90.00100.00) per Barrel. Price Class D, Crude Oil price greater than Ninety United One Hundred Unites States Dollars (US$90.00100.00) per Barrel, the Government’s share of Profit Crude Oil is equal to: BR + 70% [P –US$90100) /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. 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 share shall be determined on an incremental basis. Production Tier share shall be determined Crude Oil Price Class on an A B C D Production up to 10,000 75,000 B/D Production in excess of 10,000 75,000 B/D and up to 15,000 100,000 B/D Production in excess of 15,000 100,000 B/D and up to 20,000 150,000 B/D Production in excess of 20,000 150,000 B/D and up to 25,000 200,000 B/D Production greater than 25,000 200,000 B/D Where: Price Class A refers to Government’s share for a Crude Oil price greater than zero but less than or equal to Forty 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 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.