Ann: Sale of Gladstone LNG Project to Arrow Energ, page-3

re: Ann: Sale of Gladstone LNG Project to Arr... Haven't had a chance to soak this in yet but i note:

"There are a number of very good reasons for the sale to Arrow including:
 It simplifies all the disparate commercial agreements to provide a simplified integrated project structure and facilitate progression of the Gladstone LNG Project to full construction.
 It eliminates the need for any further capital expenditure by LNG Ltd for the Gladstone LNG Project.
 It gives LNG Ltd a very strong cash position and balance sheet, together with the retained rights to its OSMR technology.
 It allows management to redeploy its focus to the marketing of its OSMR technology and pursuit of other mid-scale LNG opportunities, while still retaining significant revenue upside to the Gladstone LNG Project through agreed milestone payments and royalties.

OH AND WE FORGOT TO ADD:
IT GIVES US LOYAL DIRECTORS 12 MILLION SHARES!!!!!

SMELLY - do you think AOE might have had us over a barrel on this one......