Spot on Umshebi. Major shareholders not about to jump shit now, even if the progress has stalled due to reasons outside their control.
The main reason the Philippines has been a problem project is because the coal companies do not want any LNG coming into the Philippines for power projects. And I'm sure the DOE are doing what they are told to prolong EWCs project.
I believe the next positive announcement will be from Indonesia, and may come anytime soon. Lets wait and see.
EWC Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
