valuing a gas find, page-5

This is why Indonesia is so hard to value. The price of gas in the USA is of no significance to the gas price in Indonesia. Gas there is scarce read these

http://www.thejakartaglobe.com/business/indonesia-decides-on-50-increase-in-industrial-gas-price/527429

http://www.bbc.co.uk/news/business-17532989

http://edition.cnn.com/2012/03/22/business/indonesia-fuel-price-protests/index.html

QPN will be suppling gas to a pipeline nearby (20K's? or so) to a market that is clamouring for the product. Indonesians are going without whilst the gas is being exported to Singapore and Jakarta.

My first lesson in economics began with the words from our teacher "Scarcity is the economic problem"

Scarcity of gas and oil in Indonesia IS a problem for them and a boon for QPN.

Cheers P