Vermilion Energy Inc T.VET

Shell Does Not Exect to Pay Any Windfall Taxes In The UK

[Quintessential1]

"Shell has said it is not expecting to pay any of the windfall tax at all this year, as its investments in the North Sea meant it did not count as having made any UK profits."

This sounds very much like tax pools from investment and even though it is the UK and not Ireland the same accounting principals should apply to VET.

The article is a good read (yes even though it is old news) for those that are interested.

https://www.bbc.com/news/business-60295177

GLTA

[Moemoney42]

I sure hope so Quint.. I do think we'll see that type of accounting rules play out in Ireland too.. and my thoughts are VET wanted to table the possibility of the tax, as the details were and are not clear at the time of commiting to the comment.. that would be a coiled spring event if we find out that VET will not really be paying any tax as well with those tax pools available.. fingers

[Quintessential1]

Yeah I think so too.  Not only do I think the comments were conservative to cover their bases but a bit of a head fake for the NCIB.  Get 'em while they're not hot, so to speak. GLTY and all