While we're waiting for the next photos from the firepit, can anyone advise if I'm right in assuming that WGO will have to pay about $20M to STX each year for 10 years to buy the 15TJ/d that WGO oversold?
My assumptions are based on the info included in the Bridge Street analyst report dated 9 April on the WGO website which showed that Bridge Street assumed WGO would sell gas to Alcoa at $4.50/GJ and that STX would sell gas to CSBP at $3.50/GJ.
Does that mean WGO has to buy 15TJ/day at $3.50/GJ from STX?
15TJ/day x 1000 x $3.50/GJ x 365 days = Approx $20M per annum income for STX.
I have never seen a gas balancing agreement and I hope someone more experienced than me can advise more.
Obviously all these are personal comments and can never be considered to be financial advice.
Cheers
ft
Gas balancing - cash adjustments
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