EWC 43.8% 2.3¢ energy world corporation ltd

Sengkang gas distribution, page-2

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    Below paragraph from latest article is very important, as once a price is confirmed for the gas EWC will be able to further their negotiations with the Indonesian Bank Mandiri for the $120m needed to complete the LNG Plant.

    "After this signing, tomorrow (today) we and Mr. Andi (President Director of EEES) face SKK Migas, he determines the price and amount that can be taken. We capture this opportunity and will be optimized," he said. 

    In the negotiations today, I would assume that they will accommodate the gov body with prices that suit both parties, and also request sufficient additional reserves to be allocated to the LNG Plant. 


 
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