G3 Exploration Limited Payments to Governments for the year 2016 (0414N)
03 Mai 2018 - 1:21PM
UK Regulatory
TIDMG3E
RNS Number : 0414N
G3 Exploration Limited
03 May 2018
3 May 2018
G3 EXPLORATION LTD.
("G3 Exploration", "G3E" or the "Company")
Report on Payments to Governments for the year 2016
G3 Exploration Ltd. (LSE: G3E) has prepared the following report
in respect of payments made to governments during the year ended 31
December 2016. The information is provided in accordance with the
Reports on Payments to Governments Regulations 2014 (2014/3209) and
DTR 4.3A of the Financial Conduct Authority's Disclosure and
Transparency Rules.
Under the requirements of the DTR, payments to State Owned
Enterprises are classified as payments to Governments.
Contract Taxes Royalty Production Infrastructure Licence Total
counterparty/ entitlement cost fees
project
--------------------
(USD'000) (USD'000) (USD'000) (USD'000) (USD'000) (USD'000)
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
China National Offshore Oil Company (CNOOC)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Shizhuang South
(GSS) 839 - - 26 - 865
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
Shizhuang North - - - - -
(GSN)
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
Qinyan (GQY) 0 - - - - 0
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
Panxie East (GPX) 0 - - - - 0
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
Fengcheng (GFC) 0 - - - - 0
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
Total CNOOC 839 - - 26 - 865
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
Contracts with PetroChina
------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------------
Chengzhuang (GCZ) 16 - - - 75 92
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
Boatian-Qingshan
(GGZ) 1 - - - 172 173
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
Total PetroChina 17 - - - 248 265
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
TOTAL (ALL PRC) 856 - - 26 248 1,130
-------------------- ---------------------------- ---------------------------- ------------------------------ -------------------------- --------------------------- -------------------------
The contracts that G3E operates under do not include provision
for contract bonuses (signature, discovery, production) nor are any
dividends paid from ventures.
For further information on the Company and its activities,
please refer to the website at http://www.g3-ex.com/or contact:
FTI Consulting: Edward Westropp/Kim Camilleri Tel: +44 20 3727
1000
About G3 Exploration Ltd.
An independent specialist in the exploration and development of
coal bed methane gas (CBM); G3 Exploration has accumulated a unique
wealth of experience through its significant 25 year track record
of technology-led exploration and drilling success in CBM, across
different geographies.
G3 Exploration's intention is to leverage its expertise,
monetise its current 7112km(2) acreage position in mainland China
and widen its asset portfolio into other prospective geographies
across Africa, Europe and Asia, utilising its proprietary knowledge
and experience in exploiting CBM resources. Furthermore, G3
Exploration has interests in Green Dragon Gas, which comprises of
two producing assets with an acreage of 455km(2) in Shanxi
province, China.
G3 Exploration is listed on the main market of the London Stock
Exchange (LSE: G3E).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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