Sorry, I thought this forum would be a little more image in-line forthcoming.
C:\Users\charl\Documents>create_gdb.py --DBMS POSTGRESQL -i localhost -D xxx --auth DATABASE_AUTH -U xxx -P xxx -u sde -p xxx -l C:\Users\charl\AppData\Local\ESRI_Licensing\ProLicensing\sysgen\keycodes
ArcInfo license available! Continuing to create...
+++++++++
Creating enterprise geodatabase...
Executing: CreateEnterpriseGeodatabase PostgreSQL localhost xxx DATABASE_AUTH xxx ***** SDE_SCHEMA sde ***** # C:\Users\charl\AppData\Local\ESRI_Licensing\ProLicensing\sysgen\keycodes
Start Time: Mon Nov 20 16:02:01 2017
ERROR: Failed to execute. Parameters are not valid.
ERROR: Invalid license file provided. Please provide an ArcGIS for Server enterprise keycodes file.
ERROR: Failed to execute (CreateEnterpriseGeodatabase).
Failed at Mon Nov 20 16:02:01 2017 (Elapsed Time: 0.00 seconds)
C:\Users\charl\Documents>