latest calculation on 2mtpa a 1.56m shares

LNG price USDpt 880 x 2mtpa production
eq USD 1,760,000,000.00
Debt USD 100,000,000.00
Nett eq 1,660,000,000.00
Minus 50 percent operating costs 880,000,000.00
Minus 30 percent tax 546,000,000.00
Conversion to AD eq AD574,736,842.00
EWC Shares 1,561,166,672
Earnings per share from LNG alone 0.368
Sector PE ratio 30.00
Share price for 2mtpa eq AD11.04 This price does not take into account power generation or LNG package projects or additional LNG stages for which they have stated will eventually be 5mtpa plus.

Not bad figures from where I'm sitting and we can expect the first shipment of LNG from them end 2009.