mgn a methanol competitor??, page-10

Thanks for that Iam. Funnily enough I have yet to read every MEO posting & missed yours.
I am not seeking to downramp MEO or question TS viability. Rather I have been tracking the strategy of MGN since CEO Hastings appeared from nowhere as CEO and large funds were injected at a premium to the market to gain effective control of MGN as a vehicle for some purpose.
MGN's Methanol ambitions have been hinted at repeatedly and an interest in acquiring undervalued resources offshor N.Australia. The last 2 days have been very revealing and show some considerable & focussed negotiation has been underway for at least 4 to 6 months.
NT P09-1 was secured yesterday from a competitive tender Dec 09; and the day after - today - it is announced that a deal has been done for 40% of the adjoining Tassie shoals.
MGN (and backers) evidently mean business and for MGN to committ to the ES purchase suggests that the methanol project has been unofficially given the nod.
I just wonder how MEO fits in. Obviously if their project is as cost-effective as they contend then they may be a prey.
If the Darwin option is more attractive to holders of other stranded gas deposits then MEO's potential pool of third party gas may shrink. That is not to say the two could not co-exist.
I am thinking that an onshore plant, particularly if synergistically teamed with the underutilised Darwin LNG plant (and other onshore supplies) could be attractive to Shell; Conoco P & Santos and underwrite its success.
MGN seems to have the role of facilitator....not surprising given the background of its CEO, largest investor SA Energy Prize, and its latest director appointed.
Raving.
again