New Software Release

 The following enhancements and updates are implemented in this model:

• Model assumptions have been further detailed and clarified, in accordance with the latest legislation.
• Added new royalty scenario for perimeters located in underexplorered areas, and those with complex geography and/or which lack infrastructure.

The following enhancement updates are implemented in this model:

• Update to enable other royalty's land split percentage to be accounted for in other royalty calculations.
• Update to correct calculating and reporting of freehold mineral tax rate when interest reversion trigger is set.

The following enhancements and updates are implemented in this model:

• Update to enable other royalty’s land split percentage to be accounted for in other royalty calculation.
• Update to correct calculation and reporting of freehold mineral tax rate when interest reversion trigger is set. 
• Update to ensure that model applies relevant ethane conversion factors in accordance with either ARF or MRF regime selection in case;
• Update to ensure that gas maturity threshold (Rq%) uses formula specific to gas and ethane for their royalty rate calculation. 
• Various minor enhancements in royalty add-in user interface.

This model update occurred in conjunction with an update on the Canada Alberta Royalty add-in and OCX. Please refer to the FML Add-In Library Enhancements and Fixes section for more information on this add-in update.

The following enhancements and updates are implemented in this model:

• Update to enable other royalty’s land split percentage to be accounted for in other royalty calculation.
• Update to use correct minimum royalty rate when gas is Base 15 and gas price is lower than $50/e³m³.
• Update to enable manual override of freehold mineral tax rate.
• Minor update of Canada BC royalty OCX user interface to display valid help text.

This model update occurred in conjunction with an update on the Canada BC Royalty add-in and OCX. Please refer to the FML Add-In Library Enhancements and Fixes section for more information on this add-in update.

The following enhancements and updates are implemented in this model:

• Update to enable other royalty’s land split percentage to be accounted for in other royalty calculation.
• Update to ensure correct calculation of incremental EOR volume and revenue realized due to EOR.
• Update to enable deduction of Saskatchewan corporate capital tax in calculation of EOR operating income.

This model update occurred in conjunction with an update on the Canada Saskatchewan Royalty add-in. Please refer to the FML Add-In Library Enhancements and Fixes section for more information on this add-in update.

The following enhancements and updates are implemented in this model:

• Introduced user-adjustable flags (hydrocarbon type flag, field type flag, and relinquish flag) which replace user attributes  to simplify case setup. These flags are used to control deemed revenue, net production, plateau production target, FCP trigger, cost recovery limit for oil, specific interest, and exploration interest.
• Updated cost recovery variables to reinitialize calculation for specific, exploration, development, and opex costs.
• been updated in accordance with the recent legislation changes.
• Income tax periodicity was updated to annual in accordance with tax regulations.
• Reporting has been enhanced throughout the model.

 This country-specific OCX is updated to prevent user from entering invalid values that can cause add-in failures.

This country-specific add-in is updated to correct minimum royalty rate when gas is Base 15 and gas price is lower than $50/e³m³.

This country-specific OCX is updated to enable manual override of freehold mineral tax rate, as well as display valid help text for freehold mineral tax. Additionally, it is updated to prevent user from entering invalid values that can cause add-in failures.

This country-specific OCX is updated to prevent user from entering invalid values that can cause add-in failures.

This country-specific OCX is updated to prevent user from entering invalid values that can cause add-in failures.

This OCX update occurred to improve presentation of help text elements in various display resolutions.