RLT 2.11% 93.0¢ renergen limited

@nicste further to what @Polyh is saying the LNG price is at a...

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    @nicste further to what @Polyh is saying the LNG price is at a discount to the diesel price plus also at a discount to LPG from memory. Both diesel and LPG prices linked to oil prices so in effect oil prices are more relevant to Renergen than global natural gas prices. But being an LNG producer plenty will still refer to natural gas prices I guess. Oil about US86 per barrel currently

    The Annual Report from last year was suggesting US16-US22 / mmbtu much higher than US2/mmbtu in the US but I guess that's raw nat gas whilst US LNG export price is US6.89 / thou cf which is mcf or basically equivalent to mmbtu as One thousand cubic feet (Mcf) of natural gas equals 1.038 MMBtu A cost to process into LNG from raw gas etc..

    So potentially the South African LNG price could be as much as triple that seen in the US for instance..

    https://hotcopper.com.au/data/attachments/6081/6081389-1edbd5122b8aa895d1d4f39f1d8743b4.jpg



    https://hotcopper.com.au/data/attachments/6081/6081323-f06a7ef1d7748731da797c0f232b46ba.jpg

    https://hotcopper.com.au/data/attachments/6081/6081326-5fef833296d5ff6b9fcdaf4d190d5dbd.jpg
    https://hotcopper.com.au/data/attachments/6081/6081329-7e41be7283b22a389d189255a450f5bf.jpg


 
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