Sengkang PSC still on hold, page-5

Its not all doom and gloom.

Next month a decision should be made on the Sengkang PSC extension. A good result from this could provide lots of upside.

Pagbilao - Unbelievably bad, but look at the photos, the LNG hub is substantially complete. The Philippines needs and wants LNG, so surely there will be lots of possibilities for selling LNG.

Australia: PEL96 Jaws - could be declared commercial within the next month or two. A good result could add something like A$150m to value of EWC straight away, with lots more value long-term and also positive implications for the surrounding areas that EWC owns.

Eromanga / Gilmore - Gas sales to start in 2nd half 2019.