PFIC
IMPORTANT TAX NOTICE TO U.S. SHAREHOLDERS
Possible Special U.S. Federal Income Tax Filing Requirements Related to Your Investment in Oryx Petroleum Corporation Limited
This information is provided for shareholders who are subject to U.S. federal income tax. It may not be relevant for other persons.
Oryx Petroleum Corporation Limited (“Oryx Petroleum”) is a Canadian registered entity and ultimate parent company in the Oryx Petroleum Group of companies and conducts business through various non-US incorporated legal entities. Oryx Petroleum believes that each of the following legal entities within the Oryx Petroleum Group (collectively, the “PFIC Companies”) should be considered a passive foreign investment company (“PFIC”), within the meaning of section 1297 of the Internal Revenue Code, for calendar year 2014:
- Oryx Petroleum Corporation Limited – Parent company
- Oryx Petroleum Holdings PLC – 100% owned subsidiary
- Oryx Petroleum Services SA – 100% owned subsidiary
- Oryx Petroleum Africa Limited – 100% owned subsidiary
- Oryx Petroleum Middle East Limited – 100% owned subsidiary
The below PFIC Annual Information Statement is being provided pursuant to the requirements of Treasury Regulations Section 1.1295-1(g)(1). The PFIC Annual Information Statement contains information to enable you, should you choose, to elect to treat the PFIC Companies as 'qualified electing funds' under the meaning of Section 1295 of the Internal Revenue Code.
THE U.S. PFIC TAX RULES ARE COMPLEX AND YOU ARE STRONGLY URGED TO CONSULT YOUR OWN TAX ADVISOR REGARDING THE U.S. TAX CONSEQUENCES OF THE PFIC RULES TO YOUR INVESTMENT IN ORYX PETROLEUM.
Statements for prior years