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Porto Energy Corp
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TD Energy Conference
| Joseph Ash | Page 4 of 11 |
March 28, 2024
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Portugal 226 Compelling Operating Environment4SPAIN PORTUGAL Porto concession area Natural gas pipeline Refinery 225 Top tier fiscal terms 226 0 % Royalty (< 6,125 bopd) to 9% (>10,200 bopd) 226 Maximum 7% for onshore gas production 226 25% income tax rate on corporate net profits 225 Infrastructure 226 Access to markets226 340,000 bopd processing from two refineries 226 450 mmcfd pipeline with available capacity 226 Modern highways and benign topography 225 Favorable pricing of oil and gas226 Crude tied to Brent 226 European gas market pricing