OK, now I see. Top left picture, when blown up shows it. Reinforces my view that EWC are not out like many have said.
IOC terminated the Flex and Mitsui agreements (all quite publicly available info, with no secrets) but not EWC. EWC is FID ready.
There is definitely something going on though. Macquarie recently increased their margin on EWC to 75% - nearly as good as a bank - on the back of a struggling share price, and now they are joint funders of IOC's $250 million facility. This combined with the fact that Macquarie Capital (USA) is one of the 3 investment banks and that MW recently had another go with little effect (and definite accumulation after that article came out) seems just too coincidental, yes?
OK, now I see. Top left picture, when blown up shows it....
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