hypothesis or theory

The QLD LNG presentation and the half yearly report have been released and I feel like a bipolar person suffering indecision anxiety,I didn't know whether to laugh or cry.Here in front of me lay pages of regurgitated bile,sorry,information, that I for one had taken for gospel on SE past reputation. However I was also confirming a litany of broken promises,misinformation
,lies,bad luck and or shear incompetence.Having been told at the late Oct 09 AGM the start up date would be June 10 6 months late, now 4 months later in a two lined statement on page 16 it has been pushed back another 12+ months.
Why is the share price so low ? easy TOTAL LACK OF CREDABILITY,forget about previous reputations and judge EWC on its achievements now on what they said they would do and when. It dosn't look good!
Therefore the Doc set out to sniff out what was going on, like a cocaine addicted bloodhound in a icing sugar factory.It appears that EWC had submitted all the information that was required of the gas fields with data from Helix RDS (International Certifiers)to show that there was sufficent gas for the POD as agreed when they decided they didn't need a further sesmic .However in RI you also need to have a local certifier. EWC relied on a firm linked with BPMigas ,a reasonable move ,one would think on several levels. however here it gets very muddy,the local firm did not, could not, or would not certify the additional fields in time or as required. Helix RDS had all the information there and in front of them. EWC were totally unaware of anything until the newspaper article, as far as tey were informed they had submitted everything as required and everything was on schedule until things started to drag out. It starts to look like a case of incestuous skulduggery and rumours persist of a person or persons restricting the process,'The Timemaster', if at all true, smoke? ,fire?, I keep on running into a fireblanket trying to find out.If at all true one would have to assume things are being delt with and sorted after the newspaper declaration.
On a different level it it noted on the half yearly negotiations are continuing with several parties re: gas off takes etc. but confidentuality agreements prevail.Some of these companies have acess to enormous funds and backing. I cannot see the reason for years of meetings and negotiations for an offtake agreement ,when SE seems happy to sell to anyone or the spot market at market prices.Maybe it entails something more comprehensive? or just smoke and mirrors.
That reminds me of the old Vapour's song. " I'm turning Japanese I'm turning Japanese I really think so! maybe, perhaps, possibly ,OK I admit it I desperate!! AT 26c Hypothesis or theory time will tell if proven. As for now back to my beloved pinotnoir I'm just waiting for the sediment to settle so I can see clearly through it but the bouquet is so enticing , sound familiar? Cheers.