According to EWC’s 2007 company overview the total un-risked...

According to EWC’s 2007 company overview the total un-risked resource (reef buildups within the Sengkang PSC) amounts to 7.5TCF. The current 2D seismic survey seems to target about 800BCF (or 10%) of this resource. As 125BCF are needed to supply 0.5mtpa LNG plant for 5 years, and as the Wasambo field already contains over 125BCF, the total gas available should be over 900BCF, giving EWC enough flexibility concerning the phased development of its modular LNG trains (up to 2mtpa in the first phase). EWC is now taking the necessary steps to put its well publicized business model ie. using existing (surplus) gas reserves for its LNG production and utilizing such revenues generated for the further development of the Sengkang PSC into practice. With up to 7.5TCF of un-risked resource waiting to be explored and exploited, EWC’s aim of expanding the Sengkang LNG facility to 5mtpa seems very reasonable.

On another note, it seems to me that there is a total disconnect between EWC’s current share price (33 cents) and its most recent ASX announcements (60MW gas turbine and 2D seismic).