Step Back, Breathe & Focus on the Big Picture, page-23

DT,
u r right total cost for the project is US18.5bil (& they've used an avg of 87c exchange rate for the period 2011-2015). I haven't dug deep enough into the individual breakdowns for the projects components. Am sure there's a set component set aside for the drilling, surf facilities/Hubs, pipeline, port etc.

Their 2014 Annual report has a section on producing & development assets which should give a gross estimate of what they believe the assets r valued at, end of last year. So please check that bit, it may have the answer we r looking for. I don't know abt any broker reports etc so the breakdowns etc should b somewhere in a Investor roadshow release.

Pear,

Section-17 on their Annual report has the bits that may interest u & others on the debt facility and related interest rates and amounts set aside for PNGLNG, GLNG etc. Average weighted interest rate is 4.32% & there's a maze of medium term, long term, subordinated notes et al and maturity timeframes for the bigger amounts.

When u get a chance please chk out their 10 year summary tabulated in their 2005 & 2014 AR's & u can actually pinpoint the problem. Cheers.
-------------------------------------------------------

H00ts,

if u r about, could we please get a chart for STO from 1999 onwards. U could add the oil curve on it with indicative support or bounce level. Seems over sold. Thanks.