Royal Dutch Shell Plc  .com Rotating Header Image

Arrow says LNG plans could increase its revenue up to $1.7bn by 2013

THE AUSTRALIAN

Arrow says LNG plans could increase its revenue up to $1.7bn by 2013

Alex Wilson | August 18, 2008

ARROW Energy said its planned liquefied natural gas project could see it post revenue of between $1.2 billion and $1.7 billion in 2013.

The coal seam gas producer, which is partnered with Royal Dutch Shell in its plans to supply gas to an LNG plant at Gladstone in Queensland, posted revenue of $27.9 million in the fiscal year ending June 30, 2007.

In a presentation today, the Brisbane-based company said execution of its LNG plans and the resulting exposure to international pricing could see it post earnings before interest, tax depreciation and amortisation of between $600 million and $850 million in 2013.

Arrow (ASX: AOE) posted a maiden full year net profit of $17.8 million in 2006-07 and is due to report its 2007-08 results on Monday, August 25.

Dow Jones Newswires

http://www.theaustralian.news.com.au/story/0,25197,24198765-5005200,00.html

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.