wcl in the news, page-4

so again, if we are talking about now $8gj, then a 30tj /d contract is revenue of $87.6m p/a for 100% of field.

if contracts are usually 20yrs - then the headline number is a contract revenue of $1.75Billion !

remember:
- WCL gets 51%
- already have compression capacity of 30tj/d
- pipeline capacity aleady in place of double that at 60tj/d, so only need extra compression
- MH says OPEX target of sub $2g/j (so gross margin $6/gj is huge imho)
- MH says 2/3 of OPEX I think for 30tj/d is virtually fixed.so if 15tj/d costs "$x", then to produce 30tj/d will not be "$xx", but only "$x + 1/3$x". so that first 30tj/d contract s/be lucrative. (in past presos)
- note again comment in article that contract looking like a "flexible volume" contract. so funds required for field expansion can be spread out, so hopefully can be funded by debt.

looking v good

cheers