RE:RE:New Press Release - Valeura Energy Inc. Announces Completion of Internal RestructuringIf I understand this news correctly that is the case except for Jasmine field:
“Under Thailand's income tax provisions, from today forward, petroleum income tax for the three subject assets will be assessed as a single entity…….
Taxation arrangements for the Jasmine field, which is governed by a different vintage of fiscal terms (known as Thai I), and held in a separate subsidiary entity, will continue unchanged.”
Since they can use all those accumulated tax credits between the fields this is like injecting over $300 million into VLE!!
G37