Hi Delinvestor,I appreciated your comments yesterday,...

Hi Delinvestor,

I appreciated your comments yesterday, demonstrating your clear grasp of rather complex issues.

I would be very interested in your (and/or other members’) comments re: EWC’s Sengkang LNG project.
As far as EWC Sengkang LNG revenue projections are concerned I resort to EWC’s 2007 company overview (released to the ASX). (As far as my simple mind is concerned, this is about the level of complexity I can master).
0.5mtpa LNG at US$6/mmBtu = US$150m revenue and EBITDA of US$75m. (My estimated profit about US$30- 35m).
2014 and beyond assumption:
US$ price per mmBtu to be US$12. Estimated profit per 0.5mtpa LNG about US$60-70m.
2mtpa LNG at US$12/mmBtu= US$240-280m profit or EPS of around 14-16cents.

Any comments would be greatly appreciated.