ORG 2.27% $7.67 origin energy limited

Expected APLNG cash flow

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    Oil Search has today given us a good view of the cash we can expect to see flow when APLNG comes on line.
    OSH today said that it will receive more than US$700M for its 34.1% of PNG LNGs cash flow (for first eight months) net of operating costs and funding of debt service reserve accounts.
    That look like about net US$1B pa to OSH.

    ORG has 37.5% of similarly sized APLNG.
    ORG has said in Oct 2104 of its share of APLNG: "distributable cash flow expected to be around US$1B pa on average per year from FY2017".
    The OSH result gives me extra confidence re the ORG statement.
    And first production from mid-2015.

    Do the numbers, calculate the profit and the dividends...
    ... and IMO get in before everyone else does.

    DYOR of course!
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