needle - I might add that WHTM use a stranded gas value of $0.25/Gj, when local customers such as PLN, Arun, fertiliser and power companies are paying $8+ already with the forecast price above $10+ when LNG regasification is contemplated, the likely future for at least part of Arun.
That is a whole lot of space to move in terms of generating a decent profit. I note the gas prices have more than doubled since MEO acquired Seruway and the PSC terms (40% contractor take for gas) are much better than what COE had in hand.
MEO Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held