I just noticed in my haste last night I made the basic arithmetic error profit of $4-$6M/PJ would be $600 to $900M per annum and $18 -$27B over 30 years (not that those numbers mean much)
anyway more importantly it’s going to be exciting to see what kind of margins will be achievable and we should have some nice benchmarks following pilots flow and production testing. If we consider $15-$20M/PJ for landed Australian LNG and EXR production and transport costs of $5M/PJ that gives the new owner $10-$15M/PJ to split with the government.
Very much looking forward to see what OGP has come up with as he’s sounding upbeat
Ann: Conference presentation, page-61
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