A FIFTH COMPANY HAS JOINED THE RACE FOR A LNG PLANT AT GLADSTONE.LNG IMPEL A SUBSIDIARY OF GALVESTON LNG,A CANADIAN COMPANY HAS QUIETLY ENTERED THE MARKET WITH NO FEEDSTOCK GAS AND WANTS TO BE IN PRODUCTION BY 2013???? IT PLANS TO BEGIN WITH A MODEST SCALE PLANT .7 MILLION AND THEN ADD MODULES TO BOOST TO 1.3 MILLION TONNES A YEAR,THIS APPEARS TO BE VERY SIMILAR TO SHG'S PLANS,WHAT A COINCIDENCE.WITH SOMEONE ACCUMULATING SHG SHARES ITS GOING TO BE VERY VERY INTERSETING IN THE COMING WEEKS.REMEMBERING ALL ANALYST AGREE THAT THERE WILL BE ONLY ONE PLANT AT GLADSTONE. THE LOCAL BOYS (AGK,STO) BETTER HURRY ALONG NOW OR WE WILL BE GONE,BEING THE ONLY COMPANY THAT HAS CONSIDERABLE QUANTITIES OF GAS WITH SUBSTANIAL UPGRADES COMING SHORTLY AND STILL NONE OF IT CONTRACTED.IT'S WORTH MENTIONING THAT AOE,QGC,STO,ORG ALL COMPETE FOR THE SAME MARKETS SO THE ACCC WOULD BE RELUCTANT LET A TAKEOVER BID ON THESE COMPANYS HAPPEN.SHG IS THE ONLY COMPANY THAT IT WOULD NOT AFFECT. `
SHG Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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