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Investor Presentaiton

Government take must be clear from the start The current draft disables investment in oil & gas: According to the draft, the investor first has to obtain an exploration and drilling permit. It is only after (costly) exploration and drilling that the investor is to enter into a (new?) contract with MOGE (s. 24). The investor therefore only knows the terms and conditions for production (in particular the government take) after exploration and drilling → no investment decision can be made with such a big unknown factor LINCOLN LEGAL SERVICES (MYANMAR) LIMITED

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