A Considered View, page-4

Hi Shrewd,

Welcome to this forum.

I would appreciate if you could elaborate on your very well articulated views relating to the timing (incl.  draw down of finance) and commercial operations as well as the economics of ewc three major projects (ie. 600MW Philippines power station, lng hub and (up tp) 2mtpa Sengkang lng project).

What is your view re: my own following assumptions:  

600MW Philippines power plant: draw down by mid 2016, commerecial operation end 2016/early 2017,  earnings per share (eps): 1.5 to 2 cents per 200MW.

130000m³ lng hub, Philippines: draw down by mid 2016, commercial operations by end 2016, eps unkown.

Sengkang lng plant: draw down by mid 2016, commercial operations of first 0.5mtpa lng train by end 2016/early 2017; eps: 2 cents (assuming $6/MmBtu) .