Gas Exploration in New Zealand - Supplementary Report

[ Last Updated 24 November 2005 ]

Short Description Supplementary Report on gas exploration in New Zealand, with an analysis of options around the reduction of AVR, and amendments to the ring-fencing rules..

Author Ernst & Young Limited

Analysis of Options around the Reduction of AVR and Amendments to the Ring Fencing

Document Table of Contents

Executive Summary
1. Purpose
2. Waiving or Reducing Royalty Rates
3. Relaxation of Ring Fencing Rules
4. Potential Revenue Cost
Annex - Modelling Assumptions

Other Formats Available To Download

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List of Tables

Table 1: Impact of Reducing AVR
Table 2: Lower AVR and Lower APR Rate - Marginal Fields
Table 3: Lower AVR and Lower APR Rate - Infra-Marginal Fields
Table 4: No Ring Fencing, Expenditure Offset Against Future Production
Table 5: No Ring Fencing, Expenditure Offset against Current Production
Table 6: Interest on Carried Forward Expenditure

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Printed: 08/11/2009