SKK Migas 4 Year Gas Contract EWC, page-3

Hi PalmTree,

Thanks for sharing your great find. We can all rely on you.

I have just done some calculation (which I hope are correct):

Based on this article I infer that EWC will supply this gas (ie. 14-24BCF per year for 4 years) from the currently producing Kampung Baru gas field, as this gas field has still 123 BCF available for new commercial contracts (ie. gas in excess of the requirements of EWC’s 315MW power plant). Should 68BBTUD (ie. 24BCF per year) be able to be sold, then the 4 year gas requirements are 96BCF, which still leaves some 27BCF for future contracts.

The lng trains will source their gas from the Wasambo gas field (estimated by GCF in 2014 at 159BCF)
0.5mtpa LNG train requirements are 25BCF (ie. 6 year supply from Wasambo gas field).

I am looking forward to an ASX announcements re: this 4 year gas sale agreement, as well as the LNG off-take agreement with PLN and the subsequent loan facility from Bank Mandiri.