Ann: Sale of Gladstone LNG Project to Arrow Energ, page-4

re: Ann: Sale of Gladstone LNG Project to Arr... Pogues,


I note that the exercise price is $3.50 expire 14 May 2010.... Only 8 weeks away...

Meaning that LNG can buy AOE shares for $3.50 if they choose to before the 14 May 2010...

Now AOE's sp as of this minute is $3.40...

Therefore clearly AOE expect there share price to move up very shortly on the back of this news and FID??????

Im unsure as to whether or not this represents a positive for LNG though...