Empyrean4 Mar 2024 13:05
As I said in January the indionesian gas is actually worth $500m to EME over the first 7 years, that is not a punt but an actual asset, work it out for yourselves.
The drill in the China Sea is a punt, but if second time lucky then absolutely massive.
I calculate EME 8.5% share less 8.5% of costs, is worth $500m over the first 7 years calculated at $2 a therm. If that is not the wholesale price then you can recalculate to whatever it is.