Ann: Project Financing with DBP Philippines , page-22

Fair enough Delin,
but you may have misinterpreted the points I was trying to make.
I didn't mean to imply EWC was anything like Enron..
( Enron at least had a few good years... - " boom-tish!!! " )
,
the LNG profit figures don't mean much till we can get a definite production date and it seem we've been 12months from production for each of the past 6 years.
The fact the sp is still crap ,despite impressive photo set, implies we may be 12months from LNG production for a while yet, hence attempt to find reasons for likely delay..

Thanks for the reasoned response.

PS. your Enron stories would be interesting to hear.