Stewart Elliot to present at 11am at the 2010 Queensland LNG Conference Monday 15th Feb.
I don't quite get the time lines of some of the predictions recently by one or two posters.
Again, existing certified gas reserves have already been presented as part of the POD that has been granted for first 2 500tpa LNG trains. You would think they will be in operation well before the two and a half year time prediction of 2012 as predicted by Shamish. I would hope and trust this is a doable 2010. These same reserves also form part of the same POD for the power plant upgrade.
Further gas reserve certification will form part of providing extra information for the pending POD for the 8 further 500tpa LNG trains.
There is no official documentation stating 2010 has ' 'closed down ' for 2010 for existing and under review development work. It was mentioned by a junior reporter back on 29th January which doesn't lend much support to my invesment decisions. Why on earth would they see any requiement to respond to the any of the dozens of speculated newspaper articles on what they may or may not be doing.
BPMIgas is a tough negotiator with every POD. In lieu of jumping at shadows and guessing at whether or not they
' like or dislike ' EWC I am waiting for the facts to emerge. An agonisingly slow wait but none the less some new facts will hopefully emerge soon.
In the meantime, EWC are not alone on being scant on shareholder information. Right now I have probably got 15 shares out around 20 that are painstakingly slow in keeping us abreast of current important information.
All the best
Mont
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