Oil Search has today given us a good view of the cash we can expect to see flow when APLNG comes on line.
OSH today said that it will receive more than US$700M for its 34.1% of PNG LNGs cash flow (for first eight months) net of operating costs and funding of debt service reserve accounts.
That look like about net US$1B pa to OSH.
ORG has 37.5% of similarly sized APLNG.
ORG has said in Oct 2104 of its share of APLNG: "distributable cash flow expected to be around US$1B pa on average per year from FY2017".
The OSH result gives me extra confidence re the ORG statement.
And first production from mid-2015.
Do the numbers, calculate the profit and the dividends...
... and IMO get in before everyone else does.
DYOR of course!
ORG Price at posting:
$12.05 Sentiment: Buy Disclosure: Held
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