Andy Bee the divy figure you quote is incorrect.
If you read the fine print re:new agreement between Qenos and the fund my maths indicate a 13 cent divy at best.
I look forward to the figures you used to come up with the 16 cent divy.
Dont forget Qenos are doing a major maintence program in 2015 so I assume the plant shuts down resulting in much lower ethane volume used .I am happy to stand corrected by any punters re: the divy paid in 2015.