If this agreement with Indonesia is done by the end of the year here are the numbers for EWC.
end 2009 0.5mtpa LNG profit $340m eps 22c sp $6.60
mid 2012 5mtpa LNG profit $3040m eps $1.90 sp $57
this based on Sengkang profit $40mpa, $600m profit/1mtpa LNG, a pe of 30 and a 500tpa train added every 4 months.
This is for sales to Indonesia only and ignores the interest from Japan and China. It also assumes the oil price and LNG will not rise in the future. There is a lot of institutional interest in the stock now so the sky is the limit.
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