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Author: oilretire Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 91049  
Subject: NS tax breaks coming? rev 1 Date: 26/02/2012 08:49
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I'll try again, as my comments were not really relevant after re-reading the article........

http://www.dailymail.co.uk/money/news/article-2106383/George...

It is understood that the Chancellor is considering two significant tax changes in next month’s Budget to extend new field allowances to more marginal fields and provide oil producers with more certainty on decommissioning costs.

The breaks are more to do with extending field life & perhaps encouraging restart of fields all ready shut down.....

‘Certainly if these tax reliefs encourage marginal fields back into production, it could mean billions of pounds of extra revenue for the Treasury.

It's seems like a timely farm in for TAQA to Fairfield's North West Hutton (now Darwin area)

http://www.yournorthseaoilnews.com/fairfield+energy+announce...


Should be good news all round for the NS if it comes off.
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