Ann: Sengkang LNG Update , page-13

Hi Risque and Umshebi,

Thanks for all your contributions. Also for Delinvestor's comments re: 47million share trade (13 November, 2013).

As far as any future dividends are concerned, I recall that, during a previous AGM Stewart Elliott was keen to be able to pay dividends, once 2mtpa lng from Sengkang have been commercially operating. As EWC estimates the full 2mtpa lng to be commercially operational by the middle of 2015 at the latest, the first dividend payment may be expected in 2016. Furthermore, as some time ago Helix Resources has estimated the Sengkang gas field to contain 5-7TCF (ie. enough gas for 5-7mtpa lng for 20 years), which still needs to be confirmed by the current 2D seismic data interpretation, annual dividend payment may become a normal feature of EWC’s financial performance,