North sea industry

The 2007 tax review exercise with regard to the `North sea industry emphasizes the need for a fair return to the state for the exploitation of petroleum resources. What is the concept of fair return?
Discuss from both the state and investor pespectives

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READ ALSO : Find an image from Google Earth for eastern Iowa of a cutoff meander or abandoned channel as covered in week 10. Explain what the imagery shows, including the location, and how it relates to a point made in class.