EWC 0.00% 2.0¢ energy world corporation ltd

Wsiu02The gas is sold via a PSC 60/40 (after cost gas and income...

  1. 171 Posts.
    Wsiu02

    The gas is sold via a PSC 60/40 (after cost gas and income tax). The exact mechanics are a bit obtuse. However they sell the gas to the power station and/or the LNG terminal at about $5 bbtu. But this is very profitable to EWC. So when I net back the profit rom the PSC then I get a much lower gas price. As the operating expenses for shallow onshore gas is low.

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