Re US$ - I saw announcements saying the energy shortages meant there was a preference to keep gas in the domestic market.
Am I reading this all correctly ...?
* We think there was a BOOT contract in place so EWC may have had to transfer the power station for (little to ) no consideration / payment??
* Until the PPA expired, this was one of two revenues sources, right?
* All they have left is half the upstream gas asset that will sell power to this power plant ??
(If they just sold a 95% owned asset that was previously a main source of income .... why is there no ASX announcement.)
The Sengkang LNG assets are 80% complete ....with no money to finish them.
The Pagbilao assets are [80%] complete ....with no money to finish them.
The Australian upstream assets need money to be brought into production ....with no money to finish them.
I note that up til around 9 years ago the Annual Accounts had (a 100 more pages and) a letter from EY confirming EWC was a 'going concern'.
With huge debt outstanding .... can we expect that they are still viable??
Am I missing something here ...??
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