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......
LNG Price at posting:
72.0¢ Sentiment: None Disclosure: Held
