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4.3¢ liquefied natural gas limited

Sept30 and FL, page-38

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noairbags

3,370 Posts.

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20/09/14

17:46

Post #: 14004761
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Originally posted by bluesmoke ↑

Guys what do you make out of the below, extracted from the AR pg16

'While we secured a three-month extension to 30 September 2014 to the site option agreement to lease at the Fisherman’s Landing LNG Project site at Gladstone, Queensland, securing gas supply for this project is critical for the company to further extend its Option to Lease. The Company will continue to make every effort to achieve that outcome.'

The way I read it, the company needs to secure gas to further extend it's Option to Lease with the final sentence confirming that they will try their best to secure gas by 30th September?

Or is the extension just for the option to lease the site permanently once gas is secured, therefore they can keep getting extensions until gas is secured, at which point they'll then lease the site?

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Could it be that the chinois are white anting us for the site with the QLD gov?

I hope not.

go LNG go

LNG Price at posting: $4.45 Sentiment: Buy Disclosure: Held
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