Kolibri Global Energy Inc BNKPF

RE: RE: RE: RE: RE: RE: RE: Whats Happening?

[9th0]

Actually - the tax rate is not finalized at all - there are just guarantees that it will (probably) be capped at a maximum of 40% (some people say 45%) but the whole topic is still very much under discussion.  On top of that, there are two ministries dealing with the overal shale-gas exploration component:

1. Finance Ministry:  which is responsible for setting the tax rate on the resources
2. Ministry of the Environment: which is in the process of revamping various regulations pertaining to exploration and extraction of resources

Here is an article (in Polish) from https://www.bankier.pl (which is a Polish finance portal) https://www.bankier.pl/wiadomosc/Gaz-lupkowy-wysokie-podatki-nie-zniecheca-inwestorow-2820085.html (mostly useful for the Polish speakers reading this forum - I wonder if there are any haha).  The article is in Polish (and I'm really too lazy to translate it from Polish to English) but it is entitled "Shale Gas - High taxes will not discourage investors" and it is an interview with the chairman of the Polish Insitute of Energy Studies (https://www.en.ise.com.pl/) - that actually is the english language website ...

Keep in mind that this whole shale gas concept is still in its early stages in Poland and I believe so far there is only one well that has been turned into actual production (made mostly as a symbolic gesture that it is possible to do so) if I'm not mistaken, that is actively extracting shale gas.

Once everything gets regulated - it will take a bit of time but all in all BKX is a very decent pick with the right amount of exposure in Poland from a shale gas perspective.

Cheers,

9th0.