JMAJMA

Different WaysDifferent WaysIndustry Pays for Drilling RightsIndustry Pays for Drilling Rights

• RentalRental - Annual fee for land use while exploring - Annual fee for land use while exploring

• Bonus Bonus - One-time lump sum paid upfront for - One-time lump sum paid upfront for right to exploreright to explore

• Royalty Royalty - Percentage payments of oil and gas - Percentage payments of oil and gas value producedvalue produced

• Tax Tax - Governmental ‘fee’ on product value - Governmental ‘fee’ on product value producedproduced