PROVISIONS MODIFIED TO IMPROVE CAMEROON OPERATING ECONOMICS

A.P. Jaffe Consultant Dallas H. Marafa Yaya Soc. Nationale des Hydrocarbures Yaounde, Cameroon Cameroon recently modified certain terms and provisions applicable to exploration and production companies to significantly improve economic incentives. Many attractive improvements have been made. Among the most important are: The after tax company profit share has been raised from 13% to as much as double that percentage.