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


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,25197,24198765-5005200,00.html

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