COE 2.44% 21.0¢ cooper energy limited

Cooper Energy sounding out brokers for a raise to potentially buy back Orbost, page-18

  1. 10,854 Posts.
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    Agreed Jake ... I also posted some numbers based on OpEx savings as to what we consider paying for OGPP

    If we save $1.15/GJ processing cost then at 45TJ/d (16.5 PJ/yr) that's 45,000 x $1.15 x 365 = ~$19M/yr

    Over a 12 Year Life (how many PJ's left in Sole assuming no further dev)

    NPV of $19M/yr for 12 Yrs at a 5% discount rate = ~$168.4M .... gunna need an explanation as to why pay more.

    Also gunna need APA to assume to the position to accept part of the risk ... what risk I hear you ask?? THIS ONE

    Just like COE has ToP contracts with its customers, OGPP would have MVCs on "sales gas" (i.e pipeline quality gas free of contaminents) to be injected into the APA owned pipeline(s) (EGP?). Last thing I want to see is COE having to pay for "space" on the pipeline that it can't fill because OGPP can't run at 45 TJ/d consistently (let alone 68 TJ/d)




 
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