Forward Tax Loss PoolsMuch like KrisEnergy assets, the Mubadala Transaction is structured as a corporate acquisition, therefore includes the Seller’s carry-forward tax losses.
KrisEnergy, as previously reported, had over $1 billion US in operating losses .
What is still interesting about KE is that it still owns 30% of the Bangora gas field in Bangladesh.
That field currently produces about 8500 boepd .
KE has a court claim for nearly $39 million US from BAPEX now in the tertiary stages of a final decision at the Internatiinal Court in the Caymans.
KE debtor, Keppel Corp, oversees KE interests in this asset but like Mubby, has altered course and submitted to the Clown worlds Green insanity.
Once all is said and done Re the Court case, it may just decide to liberate itself of KE interests in the Bangora gas field..