50 Pj per year, page-33

ashe

here is how I approach it.  

i have a pretty good feel for the value of the project. In the success case, i can broadly estimate timing, reserves, capex and opex etc for the gas project and come up with an npv. 

I can then estimate the dilution, via farmout or CR that will need to occur and it gives me a number. 

If if they choose the gas project I am happy with that number.  If they choose to go to fertiliser, which I believe they will, it has to give a better IRR than the gas project ( or presumably they won’t do it) and I am still happy with the original number.

i don’t believe they can do fertiliser and gas project at 50 PJ (the advert says up to 50PJ, hint hint).  They don’t have enough gas for that. 

I hope this helps.  

BTW, I don’t think the reserves are due ST.  They said by the end of the month, and it could take another 3-4 weeks.  If you are waiting for it now, you may be dissspointed. Just IMHO.

AL