lng metrics

Folks

Have compiled an LNG metrics table for u to mull over.

I know most wouldnt understand how this impacts MEO, but given that there's Wheatstone & Pluto nxt doors, it makes more reason for MEO to farm-out to a cashed up player & let them run the show instead. And thats, been the purpose behind the farm-out process, so hope those 'indicative offers' come in by the month end deadline. Drilling won't happen till 2010(?), however this should show that some one wants in & is committed to tap in those 20 Tcf or 12 Tcf recoverable reserves from Artemis in WA-360P.

The table shows deals for Gorgon in the Carnarvon Basin & WPL's Browse Basin acreage. Haven't actually looked up WPL's Pluto deals got them scribbled somewhere.

I know there were a couple being done, but given the price sensitivity issue with Chevy & Apache with the prices, they r keeping it very tight & throwing ball-park figures. So apologies for ignoring Pluto & the East Coast deals from this discussion.

Shows that 1 TCF of gas equates to 20 million tons of LNG which is what the deals are been done for. For example, 1.5 mtpa for 20yrs which is 30 mT's sold for A$25b and so on.

Have kept it fairly simple & have quoted Woodside's LNG sales figures from the North West Shelf since they dont produce in the Browse basin currently, but have locked in deals over there with the China & Taiwan.

cheers