Final Investment Decision - Next Year...or.... the next year, page-8

Here’s some facts and figures for you cutty and ex

The Edison Report and Port of Lake Charles Directors (both LNG associates) told us last year that they expected / forecast FID last year. Last June GV told us he “Expected to have the whole facility contracted in the next 6 - 12months”.

Anyone who bought LNG shares before around March 2014 is still making a profit on todays SP.

ROC is can be worked out as follows:

1,027 Million British Thermal Units (mbtu) = 1 Million Cubic Feet (mcf)
1mtpa = 50,000 btu
8mtpa = 400,000,000 btu's = 400 mcf
Tolling fee of US$2.50 / mcf
Some going as a success fee to the contractor, leaving LNG with US$2.43 / mcf

= US $972 Million per annum ( x 20 years )
= US $19 Billion 440 Million ($19,440,000,000.00) over 20 years (Magnolia only)


Other costs and aspects to take into account

EPC : Guarantee of production is 7.6mtpa

Magnolia : Looking at 70:30 debt to equity ratio (or 70% debt funding)
: Interest rate with Stonepeak was 7% (But can’t remember if conditions have changed!!)

Bear Head : Bear Paw Pipeline (62km $235 Million)
: TransCanada Pipeline (1660 km $11 Billion) not LNG's cost
: Bear Head Project ($5 Billion)

Other : Cost of LNG out of the Gulf Coast $6.25 + Shipping $1.70
: $7.85 price is competitive (LNG AGM 16/11/17)


Timbo recently gave us quarterly cash burn average of $5.6M, however LNG’s estimated cash outflow flow for the current quarter is $6.9M


Cash and cash equivalents is not $33M

Its $28.991 Million as the term deposits of $4.023M are pledged securities for guarantees related to KMLP and Gladstone LNG Pty Ltd.