According to Petromindo.com yesterday "Production of Wasambo Gas Field delayed again to end 2017."
Does not look good for EWC's LNG Plant at Sengkang as the Wasambo gas had been allocated to feed the plant.
Maybe they will explain in the half yearly report (due out on the 28th Feb) why further delays keep occurring to the scheduled production from the Wasambo field.
My major issue with this is that Mr Elliott and his directors are continually telling us crap re what is actually happening with the Sengkang LNG Plant and associated gas fields.
Do they have a firm completion date for the LNG Plant?? or is the completion of the plant based on further borrowings?? and from whom?? as the Indonesian Banks don't seem to be ready to part with their money.
This plant should have been producing LNG 2 years ago and now they are still stuffing around. WHY WHY WHY
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