Hi Oranje,Regarding EWC's consistency , you and I have both been...

Hi Oranje,

Regarding EWC's consistency , you and I have both been in this stock long enough to know that every Annual Report since 2008 has promised first gas production from Sengkang LNG within 6 to 18 months of said Report.
As yet no LNG .

I remember being told that Abbott Point was a little more certain than it's current status as a potentially feasible project , and the 2009 AR had the news that site works had started at Sengkang and we had heaps of pictures of scraped earth and chalk outlines.

So my issue with current site pictures of Sengkang LNG is they seem to be at the same level of completion for about the last 8 months.
Now Stewart says some critical slabs are poured but he still shows pictures from 6 months ago , isn't that even a bit curious ?

As for site works , we paid Slipform $32mil in 2009, now I know Delinvestor claimed it was for FEED work as well but that is BS ( IMHO ) because at the time it was listed as construction costs and the Modular design supposedly negated most FEED expenses.

Is there $32mil of siteworks at Sengkang to date ?
Whats doing at Gilmore worth another $70mil ?
Will EWC finally honour a production date commitment ?
Are our Directors worth $1mil pa on what they have achieved so far?

I guess we'll have to wait and see...
What I think is , on EWC's form , you need to be at least a little sceptical.