Ann: MIN:Off-Market Takeover Bid for Norwest Energy - Offer Opens, page-68

What???? - Why would NWE have to raise $1 BILLION dollars?

A Gas plant that processes and produces 250TJ/day cost ~$500m.

NWE share of that is 20% which equals $100m.

250TJ/day plant will pump out 250,000Gj a day.

1Gj West Coast - $6 (conservative)

1Gj Export LNG - $40 (conservative)

250,000Gj x $6 = $1,500,000 a day.

250,000Gj x $40 = $10,000,000 a day.

At conservative 10% export LNG / 90% Domestic = $365m + $493m = $858m revenue pa.

$858,000,000 x NWE 20% = $171,000,000

This is a quick calculation.

But you ask yourself is a conservative ~$171 million revenue pa justify a NWE 6c ~$400m price tag?

HELL NO - PAY UP!