signed png partnership agreement dec 2009, page-2

Isn't this from 12t oct 09 and wasn't this touted at AGM .
I thought i saw pictures of Stewart signing some bs in PNG.

It's just a shell game for this mob - look at this shiny new thing we're going to do next year !!!

Everything hangs on Sengkang LNG.
Even though these guys have an actual income producing asset in the Sengkang Power Plant and Gasfields , everything else they announce smells just like another CVI.

If i could figure out how they can go broke on the LNG and still retain the Power and Gas assets , it would all make sense.
Maybe they make their money on the fall from from $2bil market cap to now. Maybe none of the stuff from Siemens and Chart ever got officially ordered and the money got paid to a private company and never onpaid to Siemens and Chart. Maybe i'm too cynical but it's funny how these references to PNG,Abbott Point and Phillipines seem to come up.I don't know about the other two but i know Abbott Point LNG isn't taken seriously by anyone. EWC haven't even got to the stage of submitting a proposal so at best its 5 years away .As someone else said these blokes can't be this unlucky without trying.

shamish