EWC energy world corporation ltd

shareprice manipulation

  1. 137 Posts.
    lightbulb Created with Sketch. 29
    Having followed EWC's sp over recent time there appears to be a constant and disturbing trend for the sp to be actively discounted below the daily average at the end of trade each day. On Tuesday 1/11/11 the sp traded strongly at 58/58.5 up against a weaker ASX200 all afternoon only to be slammed down 5.5c to close at 53 at the end of day settlement.Today down to 51 after trading at52.5/53 it happens at the close of trade on small volume .I am informed EWC's management are aware of it but it is questionable what can be done about it.
    On Sengkang drilling,BPMigas approved the drill program and full cost recovery the day before the AGM 26/10/11 .They have allowed for drilling of 4 of the 6 wells,after this I believe EWC can resubmit further requests and so it continues
    In addition to the good coverage given to AGM already the next turbine addition is all running right on schedule. 3 extra European banks may join the Sengkang financing with an additional 99 mill and the term expanded from 7 to 10 years ( ? If the Euro banks hold up)
    Gas certifiers , I assume RS Helix , have indicated reserves of 50-65 TCF available in the EWC gas highway area ie dry gas not CSM quote SE" we only need a teaspoon of that". The land site and price for Abbot Point had been agreed to and was now in the lawyers hands for settlement . SE and GE(Graham Elliott) up to Brisbane and Abbot Point straight after AGM. Development time subject to "software" ie government approvals.The original date was delayed 2+years because it was decided to have another study to confirm Abbot Point as a correct location .Study 2 confirmed Study1 'Yes Minister'
    The survey of the pipeline has been completed.
    PNG SE stated they have a very good working relationship with IOC and everything EWC had done had met with approval with IOC and as stressed by SE with the local people of PNG. It was stated however a document had been sighted allegedly stating that $100mill offer for a large multinational to form a "strategic alliance" with the PNG government enterprise in dealing with this world class field. SE confirmed EWC were happy to proceed once the whole situation had been clarified.
    On the Hong Kong listing ,is has been noted that there are Investment funds keen to invest in a position in EWC but are mandated to this exchange or similar conditions, that currently prevents them.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
6.4¢
Change
-0.002(3.03%)
Mkt cap ! $197.0M
Open High Low Value Volume
6.5¢ 6.6¢ 6.0¢ $32.00K 498.9K

Buyers (Bids)

No. Vol. Price($)
1 100000 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.5¢ 50000 1
View Market Depth
Last trade - 16.10pm 29/08/2025 (20 minute delay) ?
EWC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.