low cash issue, page-21

The hearing is next week, wait and see if Wharf turns up even. Ego is seeking ratification by the court of the 'deemed withdrawal'. Wharf is seeking to 'come back in', it really depends on the JV Agreement and whats contained in it I suppose.

At the end of the day there really can only be three options:

Wharf is out, (Escrow revenue is paid out)helps EGO bottom line,
Wharf is back in pending payment of the outstanding balance due by them (and that releases the condensate revenue in escrow to Wharf)

Wharf is back in with no money to pay but at a reduced JV %, (escrow revenue is released with part payment to other JV partners. )

In any event, I would forsee either way funds, limited or not should come our way. Can anyone attempt to calculate the amount in Escrow and some possible revenue figures that may come our way perhaps??

The below image are in no way a reflection of current management.....