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+--- Thread: EWC Half Year Report for 12/31/11 (/showthread.php?tid=441)
- Palm - 02-29-2012
EWC has filed it's 12/31/2011 Half-Year report with ASX. In it is a description of the ongoing projects. It states this regarding the Gulf LNG project:
"The Papua New Guinea LNG Project, comprising the development of an LNG liquification, storage and export facility in Gulf Province, Papua New Guinea. The proposal includes the construction of a 3 MTPA LNG liquification facility which is intended to use our modular LNG trains. The proposed project is intended to be built in twp phases: the first phase will include 2 MTPA of liquification capacity as well as a captive 120 MW power plant to provide required power for liquification, and the second phase will include a further 1 MTPA of liquification capacity. We have entered into a conditional binding funding and construction agreement with Liquid Niugini Gas Limited and LNGL Train 1 Limited on 2 February 2011 in respect of the project. Under these agreements, a final investment decision is to be made by 31 March 2012 or a later date if agreed between the parties."
Regarding the Philippines project:
"a 100% interest in the Philippines LNG Hub, comprising an LNG import and re-export terminal, LNG storage facility and regasification plant, which are constructing on Pagbilao Grande Island in Quezon Province, the Philippines. We expect this to be the first LNG terminal to become operational in the Philippines. Site clearance works have already commenced, and we expect construction of phase one of the Philippines LNG Hub to commence in 2012, with commercial operation planned to comence in 2013."
EWC stock is up again today on higher than normal volume. Better update than the Flex LNG release from yesterday.
http://www.asx.com.au/asxpdf/20120229/pdf/424qvw62fpmq8c.pdf
- jft310 - 03-01-2012
And why not ewc