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Carcetti Capital Corp V.CART.H

Alternate Symbol(s):  TPNEF

Carcetti Capital Corp. is a Canada-based company. The Company is focused on seeking a new business opportunity.


TSXV:CART.H - Post by User

Bullboard Posts
Post by 2stereoon Nov 10, 2016 10:24am
86 Views
Post# 25444503

Increase gas production by 60% by 2020. WHY NOT?

Increase gas production by 60% by 2020. WHY NOT?
To understand the importance of increasing the production of its own gas for the country, enough to give only one number.
Over the past ten years, Ukraine has spent 88 billion dollars on gas imports, mainly from Russia, which is almost equal to the annual GDP of the state.
Thus, the economy annually counted "tithe" as payment for imported gas, which has been and is a significant factor of pressure on the hryvnia devaluation and its cause.
Sadly, on its own gas production in the country mentioned only after the level of external threats to the energy and national security has reached a critical point.
The government has announced ambitious plans to increase gas production by 35% in order to drive the country to the level of self-sufficiency by 2020. Consolidated gas producing company immediately to try to implement them.
Offers market participants come to the government document - "Concept of development of gas production over the next four years." His reviewed and approved by Prime Minister Vladimir Groisman in the Kharkiv region in September 2016. It is this document is a roadmap to achieve a strategic goal.
Company analyzed the needs of the industry, made plans to design programs of companies creating favorable conditions for investment and regulatory environment, formed a list of necessary technological measures calculated the volume of capital investments.
A key condition for increasing production is to attract investment and widespread use of modern technologies. The plan for the extraction of 27 billion cubic meters of gas need to double capital expenditures, annually investing over 1.3 billion dollars.
Almost half of the production will be achieved through the introduction of new wells in new and existing fields and production intensification.
In particular, the state company "Ukrgazvydobuvannya" for five years expects to invest 110 billion USD. Already announced first tenders for the work on intensifying outsourcing and drilling for 90 wells. This is an unprecedented amount. Although almost as Ukraine spent on gas imports only in 2015.
In addition, unlike purchases mostly unstable Russian gas molecules investing money in domestic production - is not only the creation of guaranteed sources of supply for longer meet domestic needs, but also one of the largest economic multipliers, which affects the growth of tax payments and jobs .
The private sector, which provides over 20% of gas production in recent years consistently invested about $ 250 million. But recently companies had cut capital expenditure due to the lack of resources for reinvestment.
Low gas prices and aggressive fiscal policy created for the industry "perfect storm" that caused slowdown in growth. The unpredictability and instability have led to the loss of international capital - Ukraine out of the companies Shell, Chevron, ExxonMobil, Polish and Canadian investors.
To avoid the predicted stagnation of production, the private sector offers the government to introduce from 2017 a catalytic rent the flat only 12% for new investments is to extract gas from wells where drilling will start in 2017, while maintaining the current level of taxation in force.
The introduction of such rents at the average value and its partial decentralization will attract the necessary investment for dynamic production growth, while ensuring Steel tax revenues in 2017 and their significant growth in the future.
In this case confirms the independent sector to attract 1 billion additional investment and increase gas production to almost 60% by 2020.
Proposal independent companies with the introduction of 12-percent rates are consolidated and based on an analysis of tax policy in Europe, investigated the company Deloitte, and studying at the potential development of gas production Ukraine international consultancy IHS.
The tax burden on gas production in Ukraine exceeds the average European level more than doubled, to oil and gas condensate - four times. This means that maintaining the current tax regime, Ukraine categorically playing in the struggle for international investment capital.
Without the assistance of high-profile government plans remain on paper. Changes there, silent question. Recently, at a meeting of the Poltava Regional Council considered the question of coordination of special permits for gas extraction.
The results are disappointing 13 failures (42 - in 2016), including foreign investors' Arab energy alliance. " The latter said the possibility of collapse and layoffs. These are the realities.

https://agpu.org.ua/news/%20%20.%20.%20.htm

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