EMAIL DETAILS

Devon Archer
646 436 3745

Begin forwarded message:

> From: Vadim Pozharskyi <v.pozharskyi.ukraine@gmail.com>
> Date: July 31, 2014 at 11:54:04 AM EDT
> To: Devon Archer <darcher@rosemontseneca.com>
> Subject: new tax law
>
> Dear Devon,
>
> Here are the implications of the tax law for private gas producers passed today by the parliament of Ukraine:
>
> Following the new law, per 1,000 cubic meters of gas we have to pay the below given amount in USD.
>
> The law stipulates that we will have to pay rent -55% out of price set by National Electricity Regulatory Commission of Ukraine.
>
>
>
> Price set by the Commission - 400$
>
> (this is the average market price, though, Burisma, for example, sells with a 10 USD discount)
>
> Rent due to be paid - 225$
>
>
>
> Production costs - 150-200$
>
>
>
>
>
> Profit ?
>
>=2