Oil & Gas Royalties

What a royalty is. How it is calculated. What is it based on?

Whenever oil or gas production begins,the landowner is entitled to part of the total production. A royalty is agreed upon as a percentage of the lease, minus what was reasonably used in the Lessee's production costs. The royalty is paid by the Lessee to the owner of the mineral rights, the Lessor in the Lease. It is based on a percentage of the gross production from the property and is free and clear of all costs, except for taxes.

Traditionally, royalty can be 1/8 of production or 12.8 percent of production; however, it can be any fraction of production, depending on the royalty clause in a lease. The landowner should negotiate for as high a royalty as can be arranged.

Sabah Leaders Misled by KL? - Jeffrey

Kota Kinabalu: “It appears that Sabah leaders are being hoodwinked and misled by Kuala Lumpur and are failing to stand up for Sabah’s rights and entitlement on sharing of federal revenue collected from Sabah as well as on the oil revenues from Sabah’s oil and gas” said Datuk Dr. Jeffrey Kitingan, STAR Sabah Chief, in response to the reply by the Chief Minister that links the 40% entitlement to federal allocations and that there is no urgency in review of the oil revenue.

Bocor!! Minit mesyuarat Alies Anor bekas Setiausaha Politik Najib & Sidek Baba

Terdapat sebuah Kumpulan Khas yang dibentuk oleh Datuk Alies Anor Abdul, bekas Setiausaha Politik Datuk Najib Razak. Sidek Baba adalah salah seorang anggota kumpulan ini yang dibayar gaji sebanyak RM15,000 sebulan. Kumpulan ini merancang bagi menjatuhkan Anwar Ibrahim.

 

Mereka dihimpunkan untuk hancurkan Anwar Ibrahim. Mari sama-sama kita teliti Minit Mesyuarat kumpulan tegar ini dan siapakah yang bersama-sama Sidek Baba dan Alies Anor dan apa yang telah mereka rancangkan.

Minit Mesyuarat Kumpulan Tegar Siri 4/2012

Constitutional debate highlghts superior Sarawak 1941 Constitution

FREEDOM FIGHTER · 31 weeks ago

Reposted from Hornbill Unleashed 3 comments on the Constitution Debate sparked off by Nurul's "freedom to choose religion" statement described as "watershed statement" by Steve Oh now under police investigation (for what-sedition?)

The 18/20 Points Agreements between Sarawak Sabah and Malaya have stipulations on religious freedom, language and re-writing the "Malaysian Constitution" which was never done - only amended to reflect annexation of Sabah and Sarawak as parts of Malaya! Please read 3 comment below.

Shallow queries, gang-ups frustrates Jeffrey

Opposition assemblyman Jeffrey Kitingan's takeway from the
first post GE13 assembly sitting was that the DUN had lost
its lustre as a dignified legislative body.

KOTA KINABALU: Bingkor assemblyman Jeffrey Kitingan had the surprise of his life  witnessing the conduct of the Sabah State Legislative Assembly (DUN) sitting over the last few days.

His takeaway after attending the first sitting under the new Barisan Nasional government following last month’s general election was that the august house had lost its lustre and  failed to rise to expectations of a dignified legislative body.

‘I am a naturalised citizen’, explains Christina Liew

(The Borneo Insider) - Api-Api State assemblywoman Christina Liew has categorically rubbished the allegation by a witness in the on-going Royal Commission of Inquiry (RCI), that she is an Indonesian of Chinese descent who had obtained Malaysian citizenship.

“My parents were British subjects who migrated to North Borneo in 1952, with British documents from Hong Kong,” she told the Borneo Insider Wednesday night.

Pakatan Rakyat Boleh Jatuhkan Najib Menerusi Tengku Razaleigh

Merah Tinta MSO

Sama ada memang benar berlaku penyelewengan dan ketidak-adilan (melampau) dalam pilihan raya KE-13 lalu, hakikatnya parti UBN masih berkuasa dan Najib Razak masih menjadi perdana menteri. Dalam permainan politik yang berpaksikan kepada 4C (teori saya) sebagai rukunnya, penegakkan kebenaran dengan segala macam fakta 'akli' atau bayangan tidak merubahkan keadaan.

Rakyat apa lagi rakyat berbangsa Melayu tidak mudah untuk digerakkan mengikut apa yang diagendakan. Bukan mereka cerdik atau pintar tetapi begitulah sifat dan ciri-ciri yang ada kepada mereka, Bangsa Melayu adalah bangsa separuh masak - kebaratan pun tidak ketimurtengahan juga pun tidak. Sebahagian besar orang Melayu masih berfikir secara ortodoks.

Pemimpin Suluk dakwa wakil PKR pendatang Indonesia

Berlaku pertengkaran dalam pendengaran suruhanjaya siasatan diraja (RCI) berhubung isu pendatang di Sabah hari ini apabila pemimpin masyarakat Suluk berulang kali menegaskan bahawa seorang anggota Dewan Undangan Negeri (ADUN) negeri itu dilahirkan di Indonesia.

Mohd Zaki Harry Susanto berkata, walaupun lahir di republik itu, Christina Liew (kiri) daripada PKR berjaya menjadi wakil rakyat Api-api.

Mohd Zaki berkata, mereka mendapat maklumat daripada warganegara Indonesia di Tawau yang mengesahkan Liew seorang Cina Indonesia.

Why Scotland Wants Independence

By Martin Kelly More evidence has emerged demonstrating the extent to which Scots were misled by successive UK Governments over North Sea oil.

One month after former Labour Chancellor Denis Healey admitted that his party had underplayed the value of Scottish oil in the 1970s, new research has revealed that during the same period the Conservatives failed to honour a pledge to set up an oil fund.

In the October 1974 General Election, the Conservative manifesto promised that the UK government would create an oil fund for Scotland should the party be returned to power.

Najib vs Mahathir: Who will survive, who will bite the dust?

Written by  Nawawi Mohamad, Malaysia Chronicle
How do you feel when someone keeps breathing down your neck, nagging, criticizing and meddling with your work right from the day you start work?

Well, if you want to know, 'tanya Najib'. Yes, ask Prime Minister Najib Razak because that must be how he is feeling all this while. And worse still, the person doing the heavy breathing is not Mongolian beauty Altantuya Shaariibuu or wife Rosmah Mansor but Mahathir Mohamad!

Yes, Mahathir or Dr M the former prime minister - hard as nails and some say ruthlessness personified - who defeated all other pretenders to his throne including Musa Hitam, Tengku Razaleigh and Anwar Ibrahim. Dr M also removed Abdullah Badawi from power even though he had handpicked Badawi to succeed him. And this was how Najib came to power - given the green light from Mahathir to replace Badawi..