takeover offer!, page-60

good find Energy!

are the pieces of the jigsaw starting to fall into place?

the wishy-washy excuse Petro gave for withdrawing from their "proposal" was inconclusive. they paid $42m for MPO assets sitting right next door to Meridian. the MPO Mungi field is no longer producing, and is a natural fit. the HQC engineering mob who are the biggest s/h in LNG Ltd, are part of the Petro group. HQC have the international rights to LNGL OSMR technology.

landbridge has business partnerships with CNPC.
Petro is subsid of CNPC.

China wants as much LNG as possible.
They all will be watching LNGL Magnolia LNG project coming together. Magnolia was based on all the work done for F/L. HQC did all the EPC design and costing work for F/L.

LNGL still says it is working on gas supply for F/L via its own endeavours or thru Petro.
LNGL port lease is up end June 2014.

The biggest hurdles for L/B and WCL agreeing on a deal would be price and conditionality (mainly Chinese approvals)

price can be resolved thru negotiation (ie $2.00+ lol)

the Chinese govt approvals, no, but WCL could demand a bond, or surety, such that if L/B did not obtain govt approvals, then a big financial penalty would apply.

I have no idea what would happen to a GSA if some deal was done.

cheers