Indonesia: Commissioning of 60MW steam turbine expected by end June 2013. Total output of power station: 315MW. 2D seismic survey results expected July/August 2013. Gas reserves estimated prior to this survey result is about 5-7TCF.
Australia: 14TCF gas reserves (undiscovered PIIP) at Eromanga (as per ASX announcement).
Philippines: LNG Hub and 300MW power station: LNG hub operational by March 2014 and 300MW power station by end of 2016 (as per comments by EWC Philippines Manager). ASX announcemet re: financing of these projects expected by June 2013.
EWC Price at posting:
30.0¢ Sentiment: ST Buy Disclosure: Held