well done Stealth on your LNG investment! hope WCL SP can follow...

well done Stealth on your LNG investment! hope WCL SP can follow that lead!?

Yep I was intrigued when I read that announcement.
I thought F/L was pretty much dead in the water.
I think their option for lease at Gladstone expires at end June 14? But I would expect an extension would be available.

So if LNG were still looking for gas supply, why retain the Chinese Director? why not a domestic director or advisor?
Thus the Chinese connection must be the answer?
The latest was that LNG Ltd was trying to secure gas supply, but at same time working with Petro to secure gas supply under the Agreement executed between LNG and Petro- I think Petro had to use best endeavours.

So I think the retention of the Chinese director must be because any agreement to secure gas supply for F/L will need the credit support of Petro. LNG credit rating not enough for such a big deal.

According to earlier article, Arrow about to secure gas sales agreements with multiple parties - so F/L could be one of those?

But equally, Petro and LNG liked the idea of gas supply from WCL, plus the development of MPO assets next door to meridian.

have to say, with GSA now signed, I would have thought that the boat to supply WCL gas to F/L has already sailed. Unless they are looking at development of MPO/Mungi and balance of Meridian gas?

cheers