Ann: May Investor Webinar - Presentation (correction), page-2

With regards specifically to the Philippines assets, and even more specifically Cadlao, this presentation does not answer any of the questions I posed. This is a generic presentation that I have seen ad naseum from the likes of Blade, Peak, Cadco, Nido and Bangchak...and now SGC. I sure hope that a holder here who joins the Webinar takes up the mantle of asking the difficult (but necessary) specific questions that I posed in another thread.

Actually, my mistake, this presentation implies answers to two question on my list: 1. SGC is STILL NOT the Operator on Record at the DOE of SC6B and still have not had their FIA and the Transfer of SC6B Operatorship approved by the DOE. 2. They have nothing to say about the Environmental Application process (this can take between 12 to 24 months to complete). In fact, they ommitted it altogether in their timeline. Without this they simply cannot drill offshore Palawan.