mgn a methanol competitor??, page-15

iam, my thoughts exactly.

If you read the tone of MGN's methanol aspirations from their AGM presentation, there is no doubt in my mind that MEO and MGN have been in detailed discussions.

http://www.magellanpetroleum.com/images/customer-files//WilliamHHastings_CEO_09Dec09.pdf

Read
Slide 7, 16, 17, 33, 34 & 35

I also believe Methanex is MGN's (HOA) partner.

Given MGN "payed" $100m cash (+$100m upon success)to access a similar amount of gas as MEO has at Blackwood from Evans Shoal, TSMP is in play, and MEO is in a very strong position.

I'm sure things will unfold very quickly from here.