Hi Thirio
As per the Half yearly, the forecast project costs are $300m (gross) plus $18m in Contingency with LT coming online by mid-'09.
NXS has a $160m proj finance facility & a $60m credit facility inplace. This 160m is split into $145m & $15m, for a term of 8-1/2 yrs from date of completion. Till date they have used $55m out of the $145m (refer pg 16-17 of half yearly report).
Santos will b buying 450 PJ (i.e, 77.7 mmboe) of gas from LT & process the gas at its plant at Orbost. STO are currently in the process of upgrading the gas processing plant.
AS for NXS, a barge has been contracted to commence offshore installation of the 19km of pipeline, the control umblical & necessary subsea surface hardware/control equipment during April '09. This was delayed by 3 months (i.e, Jan 09).
The company will release a revised 1P & 2P reserves estimates in Q2 for LT.
Currently LT reserve estimates are,
2P - 350 bcf gas & 4 MMbbls condensate (62.3 mmboe)
2C - 435 bcf gas & 5.2 MMbbls condensate (77.7 mmboe)
Bottom line is, with LT reserves alone the SP is worth 38c as per my previous post.
Crux is the icing. So I dont buy those runours about a 20c SP. The numbers speak for themselves, IMO.
cheers
- Forums
- ASX - By Stock
- NXS
- corporate activity
corporate activity, page-19
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NXS (ASX) to my watchlist
(20min delay)
|
|||||
Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $55.51M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.0¢ | $6.092K | 31.04K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16386 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 30525 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16386 | 0.190 |
4 | 66783 | 0.185 |
4 | 98894 | 0.180 |
2 | 25714 | 0.175 |
2 | 23382 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 30525 | 1 |
0.210 | 1298 | 1 |
0.220 | 4543 | 1 |
0.225 | 5000 | 1 |
0.240 | 41438 | 1 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
Featured News
NXS (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online