SECTION PART I.- PRELIMINARY 1. Short title 2 ... - Lexadin

company engaged in petroleum operations, mean or connote
respectively-
1979 No. 95
(a) delivery, without sale, of chargeable oil to, and
(b) chargeable oil delivered, without sale, to,
a refinery or to an adjacent storage tank for refining by the company;
"G-Factor" means gas production cost adjustment factor;
"High Court" means a High Court in Nigeria within whose jurisdiction –
(a) in relation to any offence under this Act, the place is situated where
such offence is, for the purposes of this Act, deemed to have
occurred;
(b) in relation to any suit for tax or appeal against an assessment of tax,
the place is situated where the return under section 31 of this Act
was submitted or where the assessment of the tax was made as the
case may be;
(c) in relation to any direction under section 30(2) of this Act, the place
is situated from which the direction was issued; and
(d) in relation to any claim or other matter which is subject to appeal in
like manner as an assessment, or to which the provisions of section
38 of this Act apply with any modifications, the place is situated
from which the claim or other matter was refused by the Board;
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"intangible drilling costs" means all expenditure for labour,fuel, repairs,
maintenance, hauling, and supplies and materials ( not being supplies
and materials for well cement, casing or other well fixtures) which are
for or incidental to drilling, cleaning, deepening or completing wells or
the preparation thereof incurred in respect of –
(a) determination of well locations, geological studies and
topographical and geographical surveys preparatory to drilling;
(b) drilling, shooting, testing and cleaning wells;
(c) cleaning, draining and leveling land, road- building and the
laying of foundations;
(d) erection of rigs and tankage assembly and installation of
pipelines and other plant and equipment required in the
preparation or drilling of wells producing petroleum;
1979 No. 95
"liquefied natural gas" means natural gas in its liquid state at
approximately atmospheric pressure;
"loss" means a loss ascertained in like manner as an adjusted profit;
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