reasons for recent share price increase

EWC's recent share price increase can be attributed to a number of factors:
1. finding its value after 8 months of having been totally undervalued;
2. EWC still 'in the mix' re: Interoil Gulf LNG project;
3. Recent ASX announcement re: PEL 96 means that there may be enough gas (1-3TCF net to EWC) to build an LNG plant (in South Australia?);
4. EWC's LNG modules being considered be either/and Horizon and Talisman: PNG sources think Horizon and Talisman will use EWC to monetize their assets. If they can use EWC for LNG purposes then why can't IOC with its EWC FID ready plans be approved??Hard to argue that logic. Even 1 million tons of LNG production using an EWC type yields $500 million to IOC shareholders per year. Ten dollars in earnings to the IOC stock price. No one is talking 1 million tons but they are talking more than that;
5. Finance being finalized for 300W Power Station in Philippines;
6. Interpretation of 2D seismic data being provided to EWC and then ASX.


Any comments would be appreciated.