The number quoted by Fosters in The Australian is 10-15% higher than the numbers they were using before. According to my calculations that means not only 10-15% more earnings for Maggy, but a 7-10% increase in our ownership of the projects (over the 60% they'd previously forecast). Overall that equates to a 23-28.5% increase in earnings to us on Magnolia. That's about $3 or so more per share at production, or $1.50 or so more per share now.
LNG Price at posting:
$4.80 Sentiment: Buy Disclosure: Held