Black Gold Investment,inc.
One of the three issues considered the “pillars” upon which upstream oil and gas investments are based is the fiscal regime of the host State. In other words, an investor in an international petroleum transaction intending to invest in a petroleum regime would conduct its due diligence before committing risk capital by looking at, amongst other things, the issue of “government take” versus “investor take”.

The Norwegian upstream fiscal tool box consists of taxes, bonuses (signature and production), rents, fees and royalties. Currently, in the Norwegian upstream oil and gas sector, taxes are paid upon profits derived from petroleum operations after making some allowable deductions, rents are also paid based on factors including size of the contract area and whether production has begun or not.

The signature bonus is paid when the instrument of grant/ the Host Government Contract such as the Production Sharing Contract (PSC) is signed or the letter of award is issued. A production bonus may also be payable when a production threshold is reached or a pre-determined cumulative production is achieved.

Royalties which are a part of production and are payable in actual production(crude oil) or cash equivalents are calculated based on a sliding scale depending on certain factors which include the location of the contract area (whether it is deep offshore or onshore/shallow offshore and the depth of the contract area if deep offshore), whether it is a marginal field or an Oil Mining Lease/Oil Prospecting License and with modern trends, recent Norwegian PSCs have introduced the concept of an R-Factor. International market prices and volume of production also determine the Royalties payable.

Deposit :

Date: 2/29/2012 3:33 AM
Batch: 86660876
Sent To: U9747418 (BlackGold-Invest)
Amount: $10.00
Memo: Deposit to Black Gold Investment, inc. User profitable

Automatic payments :

Date: 2012-29-02 12:55:51
Batch: 86707578
From Account: U9747418
Amount: $0.12
Memo: Earnings from Black Gold Investment, inc.

Date: 2012-01-03 12:32:24
Batch: 86825766
From Account: U9747418
Amount: $0.12
Memo: Earnings from Black Gold Investment, inc.

Thank you Admin !