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SCHEDULES

SCHEDULE 15Oil activities: transferable tax history

PART 2The total TTH amount

Limits on total TTH amount

4The total TTH amount must not exceed the lower of—

(a)the uplifted decommissioning costs estimate in relation to the TTH asset, and

(b)the total amount of the seller’s eligible ring fence profits for the period—

(i)beginning with 17 April 2002, and

(ii)ending at the end of the reference accounting period.