RE: Mako deal is worth $279 million to EME9 Aug 2025 02:04
Been on a plane see the board overrun by deramping squad will again post this for clarity and facts without agenda as some here with their figures are being totally disingenuous plus the agreement signed is binding and executed and TPV value is 3.293 Billion of which we own 8.5%
ENE were 1.7O 18 months ago so here are the figures of revenue for ENE and also a reminder that the Indonesian government are footing the bill for the pipeline not us or Conrad so
$279 million gross figure to eme
$145 net of all costs and taxes
*NB this has been correctly calculated by a designated professional program by a professional not *** packet calcs or made up figures some are posting the figures i have been told will obviously increase with inflation and the IPC inflationary increase year on year
calculations without agenda just facts gives the value to EME for our percentage as between $127.95 and $143.94 million after costs deducted over the 11.5 yr period so taking the higher figure as that is the current IPC that’s nearly 13 million net per year guaranteed income (which will increase with inflation and IPC )
since the gas price is linked to ICP, fluctuations in oil prices affect revenue. assuming ICP ranges from $60/bbl to $80/bbl and the same $0.12/mmbtu per $1/bbl:
- **icp = $60/bbl** (gas price = \( 60 \times 0.12 = \$7.2/mmbtu \)):
- gross: \( 392,000,000 \times 7.2 = \$2.822 \, \text{billion} \).
- empyrean’s share (8.5%): \( 2,822,400,000 \times 0.085 = \$239.90 \, \text{million} \).
- after taxes (25%) and costs (20–30%): ~$95.96–107.96 million.
- **icp = $80/bbl** (gas price = \( 80 \times 0.12 = \$9.6/mmbtu \)):
- gross: \( 392,000,000 \times 9.6 = \$3.763 \, \text{billion} \).
- empyrean’s share (8.5%): \( 3,763,200,000 \times 0.085 = \$319.87 \, \text{million} \).
- after taxes (25%) and costs (20–30%): ~$127.95–143.94 million.
### summary:
- **monetary value to empyrean energy**: approximately **$279.89 million** (before taxes and costs) or **$112.0–125.9 million** after estimated taxes (~25%) and operational costs (~20–30%), at an icp-linked gas price of $8.4/mmbtu (based on $70/bbl icp).
- **total project value (gross)**: **$3.293 billion** in gas sales revenue until january 2037.
- **total project value (net to contractors)**: **$2.543 billion** after estimated costs, subject to taxes (e.g., ~$1.720 billion post-tax)