Hi ajd,
I now have the Philip Capital Research and I can see where the error has been made, well what I perceive to be an error. The Petromin 30% pro-rata finacing contribution has been attributed to the residual US$600m rather than the entire Project Capital amount. I'm going to shoot an email off to the contact at this firm. Notwithstanding I have added further to my holdings today as I generally liked what I read.
Project Capital US$ 2,000m
NFC debt arranged 70 % (US$1,400m)
Petromin share 30 % (US$180m)
Petromin payment to MGO 30 % (US$41m)
MGO Equity required US$ 380m
broker coverage, page-23
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