AetherGas Energy Business Plan — Appendix A: Quarterly Phasing & Production Detail

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Appendix A · 21 of 23

Quarterly Phasing & Production Detail

FY2027 quarterly phasing (R m)

Quarter

Revenue

Operating costs

Capex drawn

Q1 FY2027

12

38

310

Q2 FY2027

18

46

345

Q3 FY2027

24

55

350

Q4 FY2027

31

66

350

FY2027 total

85

205

1,355

Production and realisation detail

Metric

FY2027

FY2028

FY2029

FY2030

FY2031

LNG output (tonnes)

1500

8000

35000

90000

180000

Helium output (mcf/day)

20

120

420

850

Helium output (mcf p.a.)

6800

40800

142800

289000

Implied LNG realisation (R/t)

16000

18693

13979

11070

11988

Implied helium realisation (US$/mcf)

601

437

336

354

ZAR/USD assumption

18.60

19.34

20.12

20.92

21.76