Energy World Corporation Ltd Auditor Raises 'Going Concern' Doubt

Energy World Corporation Limited is an energy company, primarily engaged in the production and sale of power, and development of liquefied natural gas (LNG) projects. Its segments include oil and gas in Australia, oil and gas in Indonesia, power, and project development. The principal activity of these oil and gas operations is the exploration and development of oil and gas prospects. Its operations are in three countries: Philippines, Indonesia, and Australia. Its Philippines operations is engaged in the development of the LNG Hub terminal in the Philippines and development of a 650 megawatts (MW) combined cycle gas fired power plant. Its Indonesia operations include a 315 MW Senkang combined cycle gas fired power plant, development of a 2 mtpa LNG liquification plant and Sengkang gas field. Its Australia operations include ownership interests in various gas fields, development of a 56,000 tpa LNG Liquification plant, an 8 MW Alice Springs power plant, and Alice Springs LNG plant.