Not much has been posted with regard to this development, so I thought I would try to qualify what was stated with regard to Gilmore and Eromanga contributions. As stated at full output would be 24 tetajoules daily. Wood McKenzie expect the gas price to be approx $8 to $12 per gigajoule. Therefore 1 tetrajoule= 1000 gigajoules ,24×1000× 365(days per year) × $8 ( price per gigajoule) =$70 million per year.($50 mill USD)
Also given that, if correct,and the Sengkang PSC has been extended to 2042 then the first 500,000 tpa is nearly ready to produce (and 3 other trains to follow) ie 500k tpa at $8 per mmbtu = $400 USD per ton subtract taxes ? Indonesian partner arrangements etc and it should provide > $100 mill pa.
So along with current Sengkang gas and power $150 mill USD ,1st LNG train $100mill USD, Australian gas contribution $50 mill USD A total of 300mill USD pa and not including anything of the Philippines.
I am sure there are many factors to par back these figures but I state these figures that this company has a current market cap of $300 mill.($210 USD) I wait for further positive developments and announcements and for the market to rerate this company . Cheers Doc
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