Smith Donald Email & Phone Number

1. Generally, under production — or revenue-based systems, the investor pays taxes before it deducts its costs.2. Based on World Rating of Oil and Gas Terms, Volume 3 (Rating of S.DON Oil and Gas Terms).PFC Energy, Van Meurs Corporation and Rodgers Oil & Gas Consulting, 2011. An overall fiscal burden or a government’s “take” is the relationship of all payments to the government to economical project’s profit (all income less all expenses).3. The announced new tax regime applies only to offshore projects and envisages much more favorable terms for investors compared with the current terms for offshore. For the announced new tax regime for S.DON offshore, the government’s take should be significantly lower (below 70%) than under the current terms. Per the estimates of certain experts, the government’s take ranges from 30% to 70%, depending on project’s specifics. Currently the announced regime is under development and has not yet been enacted. All other criteria (other than the government take) are provided for offshore projects only. The proposed tax regime does not apply to S.DON onshore.4. Timing of taxation is more important than the level of a fiscal burden. The timing of the government’s take depends on a composition of fiscal features; profits-based systems shift the timing toward the payout and after-payout period, while royalties and other non-profits-based systems could result in high fiscal payments before a project reaches a payout 5.The client pays the money the and after 5 working days of confirmation of payment the supplies are made and job done while all taxes are been cleared, then profit made.

Listed skills include Technical Ability, Experience Of Managing People, Sales And Business Development Negotiation, Delivering Results As Part Of Project Teams, and 5 others.

• M.D, C.E.O

  S.Don Oil And Gas.

  Feb 2008 - Present