EWC 0.00% 0.9¢ energy world corporation ltd

PLN purchase Sengkang P PLANT, page-15

  1. 20 Posts.
    Re US$ - I saw announcements saying the energy shortages meant there was a preference to keep gas in the domestic market.

    Am I reading this all correctly ...?
    * We think there was a BOOT contract in place so EWC may have had to transfer the power station for (little to ) no consideration / payment??
    * Until the PPA expired, this was one of two revenues sources, right?
    * All they have left is half the upstream gas asset that will sell power to this power plant ??
    (If they just sold a 95% owned asset that was previously a main source of income .... why is there no ASX announcement.)

    The Sengkang LNG assets are 80% complete ....with no money to finish them.
    The Pagbilao assets are [80%] complete ....with no money to finish them.
    The Australian upstream assets need money to be brought into production ....with no money to finish them.

    I note that up til around 9 years ago the Annual Accounts had (a 100 more pages and) a letter from EY confirming EWC was a 'going concern'.
    With huge debt outstanding .... can we expect that they are still viable??

    Am I missing something here ...??

 
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