Renaissance Oil Corp. RNSFF

Energy

Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.

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Renaissance Oil Corp.

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Post by MajorityMobon Jan 28, 2018 10:14am

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Post# 27449428

Amititlan

So do we know the structure of the Amatitln deal as laid out by section 11 of the deal that Lukoil struck with the government, before Roe became a partner?

Contractual fee for the exploration phase. For the first 60 months (five years), this is MXN1,150 per square kilometre, and MXN2,750 after the first 60 months.
Royalties.
Variable consideration.
Exploration and production activities tax. This is payable at MXN1,500 per square kilometre during exploration, and MXN6,000 per square kilometre during extraction.
Duties for environmental protection.
Duties for supervision and administration of contracts. These are determined by the government.
Adjustment mechanism. This is calculated according to a formula defined in the Rules of Bidding Procedures.
Corporate Income Tax. This is payable at 30% of income.
States and Municipalities Tax. This varies depending on the state and municipality.
Employee's profit share. This is variable.
Signature bonus. Under the Hydrocarbons Revenue Law, this bonus is determined by the Finance Ministry for each contract.