SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 2The total TTH amount
8The “uplifted decommissioning costs estimate”
In paragraph 5(b), the “relevant proportion” means—
a
the proportion that the interest in the TTH oil field which is the TTH asset bears to—
i
the seller’s other interests in the TTH oil field, if paragraph 7(a) applies, or
ii
the purchaser’s other interests in the TTH oil field, if paragraph 7(b) applies, or
b
if the proportion cannot reasonably be determined in accordance with paragraph (a), such other proportion determined on a just and reasonable basis.