signed png partnership agreement dec 2009

see below ... another item not felt important to tell us.

Gulf signs contract Post-Courier 12.10.2009
By CALDRON LAEPA

THE Gulf Provincial Government has taken a huge step forward by signing an agreement last
Thursday with its development partner Energy World Corporation to develop a sea port at
Orokolo Bay. Energy World Corporation (EWC) does exploration, development and production of
oil and gas, processing plants and gas pipeline. EWC handles development, design construction,
operation and maintenance of power stations, of processing plants and gas pipelines. It also devel-
ops and produces liquefied natural gas (LNG) energy products. EWCs activities are located across
Australia, Indonesia and India. Gulf Governor Haivila Kavo and EWC managing director Stuart
Elliot signed the shareholders partnership agreement.
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The Gulf provincial government through its business arm, Gulf Oil and Gas Company, started ne-
gotiations with EWC early this year which led to the EWC team visiting the province. Governor
Kavo said with his vision of making Gulf the model province in the country, he wanted to put in
infrastructure that would enable proper service and make the environment conducive for bigger
projects under the LNG projects. I believe in Gulf Province being the model province, Kavo said.
He said Gulf Province shared borders with Southern Highlands, Central, Morobe, Western, Eastern
Highlands and Simbu provinces therefore it would be strategic to have a sea port in Gulf so it would
better serve the provinces that share borders with Gulf. Mr Kavo said the sea port was in the first
project that he wanted to get off the ground because he would create a conducive environment for
other big projects such as a cement factory, LNG processing plants and other goods and services.