Ann: US$75M Investment by Standard Chartered Priv, page-19

re: Ann: US$75M Investment by Standard Charte... Cant really help. My interpretation is:

1. Aussie gas/oil needs more exploration
2. Only what was reported above
3. Scpe has bought into the hub and power plant at an equity price of $200m. The debt associated with the plant and hub could be $400m to $600m. Ewc has contributed part of its equity via building the hub thus far. The hub is well under way. The power plant could easily start construction in the short term. Slipform started the FEED last year and has designed and project managed the Sulawesi plant plus a number of projects thoughoutvasia when it was part of hopewell. I think the next thing will be an announcement of a non recourse finance package that wraps up the hub and plant into Energy World Philippines.