I think over the years they've maintained they have the rights to export 500,000 t per annum and I think they've uttered that just recently.
Hard to tell what is fact or fiction with these guys...They are pathological liars.
I can remember reading articles in the Indonesian press back in 2007 where SE stated he didn't care if he sold all the gas in Indonesia.
It would appear the politics regarding socialising energy exports was going on from day one and they never told the shareholder they were dead in the water before we started.
What will we get for the gas in Indonesia??? I can remember doing a calc on SP based on 2m t per annum @ $8 per GJ which is $400 per tonne and SP came north of $3.
We need $19 per GJ now the share base is diluted and the Bakries have stolen half the business...I don't think the locals will pay that so I would settle for a $1.50 share price.
Hopefully an option similar to coal would prevail as a quarter of production must stay in country and be sold for a cap $70 per tonne while the rest can be exported ..
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