Longreach Oil & Gas One2One Investor Presentation - Proactive ...
Longreach Oil & Gas One2One Investor Presentation - Proactive ...
Longreach Oil & Gas One2One Investor Presentation - Proactive ...
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Why Morocco – Energy Economics & Fiscal terms<br />
Fiscal incentives<br />
<br />
25% State participation<br />
Royalty: <strong>Oil</strong> 10%, <strong>Gas</strong> 5%<br />
<br />
10 year corporate tax holiday<br />
on discovery<br />
Argentina<br />
Canada<br />
UK<br />
Venezuela<br />
Indonesia<br />
Norway<br />
Egypt<br />
Libya<br />
Morocco<br />
0% 20% 40% 60% 80% 100%<br />
Government take (%)<br />
What this means…<br />
1<br />
Profit value of 1bbl of <strong>Oil</strong> in Morocco<br />
<br />
Producing 1bbl of <strong>Oil</strong> in<br />
Morocco is equivalent to<br />
<br />
13bbl in Algeria<br />
1/2<br />
1<br />
<br />
7bbl in Nigeria<br />
1/2<br />
0<br />
1/13<br />
1/7<br />
Morocco Algeria Nigeria Egypt<br />
Morocco is one of the most fiscally favourable countries worldwide to explore<br />
Source: Wood Mackenzie Study 2007 (excluding Morocco), ONHYM, Sonatrach, NNPC, EGPC – Management estimates<br />
10
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