LNG 0.00% 4.3¢ liquefied natural gas limited

This might clear things...

  1. 49 Posts.
    This might clear things up:

    http://findarticles.com/p/articles/mi_m0HXI/is_2009_Nov_16/ai_n42115466/

    16 November 2009 - Bermuda-based but Oslo-listed liquefied natural gas (LNG) carrier Golar LNG Energy Ltd (OSL: GOLE) has sold a total 9.6 million shares in Australian LNG Limited (ASX: LNG) to institutional investors for USD11m, thus reducing its stake to 6.3%.

    The sale will result in a capital gain of USD8m, Golar Energy said Saturday.

    Prior to the transaction, the company held 10.9% in LNG Limited.

    The released funds are likely to be invested directly in the Gladstone LNG Fisherman's Landing project in Australia, Golar Energy's CEO Oscar Spieler said.

 
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