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Porto Energy Corp
EnerCom The Oil & Gas Conference
| Joseph Ash | Page 3 of 11 |
February 20, 2017
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Portugal – Compelling Operating Environment 3 SPAIN PORTUGAL 300 kms Porto concession area Natural gas pipeline Refinery •? Top tier fiscal terms –? 0% Royalty (< 6,125 bopd) to 9% (>10,200 bopd) –? Maximum 7% for onshore gas production –? 25% income tax rate on corporate net profits •? Infrastructure – Access to markets –? 340,000 bopd processing from two refineries –? 450 mmcfd pipeline with available capacity –? Modern highways and benign topography •? Favorable pricing of oil and gas –? Crude tied to Brent –? European gas market pricing