Wednesday, August 26, 2020 12:39:30 PM
If these projections are the case, it would be enough! However, I believe $400m net income across all projects is too low. Based off what we know, we just about hit $400m net income on only half of our projects.
Ward said in the Mexico Business interview that on all projects, Mirage will split the revenues with the Mexican government 50/50. https://mexicobusiness.news/energy/news/ready-move-crucial-natural-gas-infrastructure-projects
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Isthmus
The Isthmus PR shows that once Phase 1 and 2 are completed, the net income to the C||T (Trans-Oceanic Corridor/Mexican Government) for their half will be $1.485B annually. The annual net income breakdown will then look like this:
Mexico's half: $1,485,000,000
Our Partnership's half: $1,485,000,000
- 75% to BlueBell: $1,113,750,000
- 12.5% to Northern Hemisphere Logistics: $185,625,000
- 12.5% to Mirage Energy: $185,625,000
$185,625,000 Annual Net Income to Mirage Energy
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San Fernando Cactus Line
- Capacity for 3.5 - 4 bcf/ d
- Only known contract to shareholders at this point is the 1/2 bcf/ d to Puebla
- Estimate transportation fee: $1.25/ per thousandth
4 bcf / d @ estimated $1.25/per thousandth = $1,825,000,000 annual revenue. Rough estimate of 20% overhead ($365m) lands us at $1,460,000,000 in annual net income. The annual net income breakdown will then look like this:
Mexico's half: $732,500,000
Our partnership's half: $732,500,000
- 75% to BlueBell: $549,375,000
- 25% to Mirage Energy: $183,125,000
$183,125,000 Annual Net Income to Mirage Energy
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Brasil Storage Facility
Intake fees: ?
Storage fees: ?
$???,???,??? Annual Net Income to Mirage Energy
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The Fourth Project
$???,???,??? Annual Net Income to Mirage Energy
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Mirage estimated Net Income on only two projects: $368,750,000
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