Introduction to Oil & Gas Tax Seminar A practical introduction to UK fiscal policy for the oil and gas industry Wednesday 18th & Thursday 19th April 2007, LMA Suite, London IBC Energy Conferences

A tailored seminar designed to provide a complete introduction to the UK fiscal regime featuring in-depth presentations, technical sessions and an interactive practical workshop

Seminar topics include:

• The UK Oil and Gas Tax Regime
• Petroleum Revenue Tax
• Corporation Tax
• The Tax Implications of M&A
• Capital Allowances and Capital Gains Tax
• Tax Accounting
• Financing and Leasing
• Transfer Pricing
• IFRS for Oil and Gas Companies

Key speakers include:

• Jim Robertson, Vice President, Tax, Shell Exploration & Production
• Malcolm Phelps, Sector Leader, Oil & Gas in the Large Business Service, HM Revenue & Customs
• Roman Webber, Partner, Tax, Deloitte
• Mike Beattie, Tax Director, PricewaterhouseCoopers
• Sean Bastable, EP Tax Controller, Shell Exploration & Production
• Tom Cartwright, Solicitor, Ashurst

Dear Colleague

Understanding and complying with the UK's fiscal regime is an essential component of any oil and gas company's corporate strategy. As oil and gas taxation continues to undergo fundamental changes, the need to keep up-to-date is of increasing importance.

This two day seminar, brought to you by IBC, has been designed to offer delegates a complete introduction to oil and gas taxation, with detailed overviews of each component of the UK tax system, plus sessions to bring you up to speed with the major issues in the industry. The combination of in-depth presentations, technical sessions and workshops will provide delegates with a comprehensive understanding of UK fiscal policy and practical solutions to ensure full compliance whilst maximising revenues. Speakers have been selected for their expertise in this sector and their 'hands-on' approach to delivering business critical information.

I do hope that you can attend and I am looking forward to meeting you in April!

Yours sincerely,

Jim Robertson
Vice President, Tax
Shell Exploration & Production