stockguy2015 wrote: Butsko why do ask these dumb questions here's your answer
A rental fee of ( 7% and 3% to the hydrocarbon fund). A rental fee is due to the State both for exploration and for production.
Along with the rental fee, a royalty is also due to the State on a yearly basis in the production phase. The relevant amount varies depending on whether the production is onshore or offshore. The relevant calculation is performed on the basis of the average selling price of production, within the relevant period, as the net of the specific deduction as reported in the table below.
In Italy, hydrocarbon reserves are a State-owned asset (article 826 of the Italian Civil Code). However, as stated above, the State does not directly carry out exploration and exploitation activities, which are granted through concessions to private undertakings. The holder of a concession is subject to compliance with the work program, the payment of a license fee proportional to the surface covered by the mining titles and to the payment of royalties, proportional to the amount of hydrocarbons produced. The royalties owed are calculated based on average prices of the oil & gas market. )is due to the State both for exploration and for production.
Along with the rental fee, a royalty is also due to the State on a yearly basis in the production phase. The relevant amount varies depending on whether the production is onshore or offshore. The relevant calculation is performed on the basis of the average selling price of production, within the relevant period, as the net of the specific deduction as reported in the table below.
In Italy, hydrocarbon reserves are a State-owned asset (article 826 of the Italian Civil Code). However, as stated above, the State does not directly carry out exploration and exploitation activities, which are granted through concessions to private undertakings. The holder of a concession is subject to compliance with the work program, the payment of a license fee proportional to the surface covered by the mining titles and to the payment of royalties, proportional to the amount of hydrocarbons produced. The royalties owed are calculated based on average prices of the oil & gas market.
So aleanna owns 90% of the gas do some dd before posting your non sense