Hi Del,it would appear so as a 41 mill share crossing occurred...

Hi Del,it would appear so as a 41 mill share crossing occurred about 1 month prior to last years AGM ie approx. Sept/Oct 13 sp approx. 42/43c . Now this morning 41mill crossed at 30.5c. It appears a hedge fund is moving stock into different ledgers probably shorting at 42 and borrowing stock knowing that EWC was a candidate to be shoved out of the ASX 200 and the subsequent selloff from index funds( 69 mill shares traded in 2 weeks due to that),and a mention to Davidoli for his prior warning.That been said and done they now reposition the stock in a ledger with it starting at a new low base and allow it to move up , all totally legal,made a lot easier when you have a almost non-existent shareholder relations management . Hopefully this may mean the stock should rise from here.
As a guide to the oil and gas situation in Indonesia currently go to www.eurasiareview.com then point onto Asia then Southeast Asia then Indonesia currently on the second page an article 5th March Indonesian Energy Profile it is long but interesting. For those who do read it two thirds through the article under the section Liquified Natural Gas it mentions Sengkang. 100bcf pa is 2 mtpa and PFC Energy is a world wide oil and gas consultancy group. I don't know their the authority. Cheers Doc.