Sengkang LNG - only 80%???, page-28

Hi Oranje, yes the DBP question was asked and Stewart's reply was that the bank was insisting on all the signatures of the landowners for all of the required parcels of land through to the new recently approved substation and the actual location was only finalized at the end of last year. That is in contrast to my previous understanding that they had indeed all the required sign-offs about the middle of last year. Another question was then asked by another person and clarification of when exactly that would occur was not addressed. If I can I will seek specific clarification and timing next week.
With Sengkang ,Brian Allen has been based in Jakarta solidly for about the last 3 months trying to push through and sort out the Indonesian requirements / requests and negotiations. I gather one of the main problems was with the recently changing LNG prices (going up) and what SKMigas was wanting to charge EWC from the well head , basically a national resource tax. The invitation to apply for the Indonesian Stock exchange is a new, very recent, development and as Elliott stated they were only just starting to appraise what could be a real game changer. I think he was trying to contain his bullishment . It only occurred a few days prior. If I can add further clarification I will in the ensuing couple of weeks. I am actually looking more forward to to London presentations att the end of Feb / early March.
Cheers Doc .