Short Term Trading Weekend Lounge: 8 -10 Oct, page-4

STTCOMP EWC TA LONG

Energy World Corp

SOI 1,824,998,734 from their annual report 20 June 20
Market cap $203m
Director Mr S Elliott holds 711,931,437 shares (a bucket load), (annual report).
A gas producer and user in Australia, Philippines and Indonesia. If any one wants a lesson on the sovereign risk of doing business in the Philippines and Indonesia have a look at this mobs failure to deliver anything on time. Frustration personified.
I tipped this back in January, it did stuff all, MC was $147m. This weeks trading is something else, SP movement on the move with volume.
A diverse company with 25 affiliates, their Eromonga and Gilmore gas field wells should have been worked over by now and be flowing into the Queensland pipeline. They were paid to bring them back into production.
Indonesia and Philippines have hit some stumbling blocks but could on the cusp of resolution.
Its a big operation, have a look at their Annual Report.