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clock Created with Sketch. 17/08/24
06:55
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Originally posted by Aesi:
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Also you mischaracterised the Take or Pay element. The contract is for 100% of the agreed amount. The Take or Pay applies to 78%. The contract therefore provides a floor of $85m pa (EWC share is 50% of that) irrespective of whether the gas is taken or not, but the "face value" of the contract is $110m pa (50% to EWC). This is consistent with the $55m pa identified by PowerPlug.
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Does anyone know whether the PSC terms with SK Migas still apply and what they are? I could never properly reconcile BA's assertions that it was 60:40 in EWCs favour - but the gas ceded to the Indonesian government is a big part of the cost.
(20min delay)