bpmigas meeting?, page-23

Hi Shamish

Contrary to your opinion, namely that EWC?s recent half yearly report contradicts a lot of what was contained in its 2009 Annual report and presented at the February 2010 Brisbane conference, EWC?s half yearly report is absolutely consistent in respect of its gas reserves (5-7TCF) being within the Sengkang PSC. As this half yearly report to 31 December 2009 states: ? In addition there are numerous leads in the Sengkang Contract Area which require more data acquisition or evaluation that could increase the prospective resource to between 5 TCF to 7 TCF? (page 9).

Contrary to your claim in your 10.09 am response to may post, and I quote you ? the clarification i seeked ( sooked ? ) concerned the status of EWC's control over the Bone Bay PSC? your post of 8.55am this morning to which I responded, states explicitly the following ?The Bone Bay PSC cancellation seems interesting as the 2009 Annual Report ( page 17 ) references a continued development program for the area and from previous conversations with Directors i understood the Bone Bay PSC was looked upon as having significant potential and indeed contributed to EWC's fantastically fabled Sengkang possible gas reserves of 5-7 tcf?. Hence, the point you make in your 8,55am post relates to the fact that, in your opinion the Bone PSC is critical in EWC locating gas reserves of 5-7TCF. Well, in fact, according to EWC recent ASX positing, including its December 2009 half yearly report, the Bone PSC is completely irrelevant to its 5-7tcf gas reserves which are deemed to be located totally within the onshore Sengkang PSC.

Yes, I understand that you may seek clarification as to the status of the Bone PSC, but any such clarification has nothing to do with EWC?s potential 5-7tcf gas reserves.