Heres the M.V gas, 1 TCF is equiv to 20.53 MM (million) ton LNG (natgas.info/html/natgasunitsconversion.html),1 tonne LNG equals 51.7 MMBTU's (lngplants.com/conversiontables.htm), Nat Gas Price Nymex 07 Dec $4.50 (USD) MMBTU (lngjournal.com), therefore MV gas is 232.65 USD per tonne LNG (equiv)(51.7*4.50)or USD 4,776,304,500 USD per TCF (20,530,000*232.65), Mobys share of 12 TCF ArtemisMax. equals 1.2 TCF(10%), therefore is 5,731,565,400 USD or $19.90 USD per Moby share, pretty much the same AUD px with Aud/usd close to parity. This is Market value only, before capital development cost, marketing, NPV, equity dilution from capital raising etc. etc. One blogger suggested undeveloped Gas sales market might pay 50c per Mcf, 1 Mcf equals 1 MMBTU , from above 1 MMBTU px is 4.50 (Nymex) so thats around 11% of the gross MV Gas, putting that in terms of Moby shares is 11% of $19.90 , or USD 2.19 a share. These are based on the ideal outcome, proving of resources over time to 1 P (90% prob.), based of current gas prices. Note also that gas prices vary globally somewhat and is dependant on factors such as gas quality, location of field, differing developments cost and any other relevant factors. (CUE s/her)
MOG Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
