ewc employees - sengkang, page-2

Hey PT,

Yes , you'd think those staff numbers must be getting something more done than just scraping a bit of dirt around worksites.

It'll be nice to see some project site pictures with a bit of concrete on them .



Another interesting item in the Report is Item 29 ( page 80 )

Future Finiancal Capital Commitments - for next finiacial year.

1 They are spending 15mil in FY10 on Gas infrastructure in conection with the Sengkang expansion.

2 In the next 12 months they are making the final payment to Chart of 12.7mil for the 4*500mta lng equipment.

3 Also EWC have committed 84mil which is the balance of funds required to enable first commercial production from Sengkang Lng Plant by EOFY10.

The money is ready , the equipment is ready - we just need someone to fire the starters gun and EWC should zoom past most of it's Queensland CSG contemporaries which are enjoying a stellar run ( check LNG's performance in the past few months ).

It's a long term holders stock atm but when investors confirm EWC's other projects and the time frame for Sengkang LNG production as 3-4 years ahead of other currently popular lng projects i think we'll have our bit of fun.

Hopefully we'll get some good announcements before the agm, they must be close.



Regards Shamish