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  • edsilverstreak edsilverstreak Nov 15, 2012 9:32 AM Flag

    $3 Billion?!

    Not sure if this enters into the equation, but if you recall, the 1st 22.5% was going to be paid for from sale of the gas as PNG had no money. It may be that the $3 billion is the amount to be paid for the add'l 27.5%. That would equate to $1.36/mcf !! [ based on 4tcf ]

    Sentiment: Strong Buy

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    • I believe that is more correct Ed. Probably need more clarification but Liam Fox probably got his information straight from the PNG govt and his sources there. 3 billion is a PNG govt number in my estimation. So, is that a starting point or a firm number?

      Didn't $1 mcf take NAV way over $100. hmmm

50.8375-0.2825(-0.55%)11:26 AMEDT