Centaurus Energy Inc (CTARF)

[rattlewatch]

A good list of Argentina o&g incentives and subsidies listed in the article below, and these represent a reason why MDLNF might become a partner(farm-in)/takeover target sooner than later. They hold 1 million acres surrounded by oil majors Exxon , Chevron, Total, plus Sinopec Shell and Petronas are there as well.

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"Argentina boosts subsidies for oil output, exports"

4 Feb 2015, 7.19 pm GMT

Buenos Aires, 4 February (Argus) — Argentina's government will subsidize oil production and exports by as much as $6/bl as part of a stimulus program to prevent a drop in output amid lower international crude prices.

The government will provide an additional $3/bl to companies that maintain or increase output when compared to the last quarter of 2014. Exporters will receive an additional $2/bl for crude sold abroad, which rises to $3/bl for companies that increase the amount exported from last year, according to a resolution published in the country's Official Bulletin today.

Companies that export crude will be eligible for both subsidies.

The additional money per barrel will be paid as long as producers of 34°API Medanito receive no more than $84/bl for their output, including the subsidy, while those who produce 24°API Escalante, much of which is exported because it is too heavy for the domestic refining network, can receive a maximum of $70/bl.

read the rest:
http://www.argusmedia.com/News/Article?id=987877