Ai conclusion

Key Considerations for Shareholder Value Retention 1. Ownership and Liquidation Process: • When LNG Limited entered voluntary administration in 2020 and later liquidation in 2021, its assets, including Bear Head Energy, were sold to Blue Fin LNG Corporation. Blue Fin subsequently sold Bear Head Energy to Buckeye Partners. • For shareholders of LNG Limited to retain value, there would need to have been specific clauses or agreements during the liquidation process that preserved their rights to future profits or residual claims tied to Bear Head Energy. 2. Residual Value Clauses: • If John Godbold (or other representatives) made a statement indicating that LNG Limited shareholders retain value if Bear Head Energy becomes profitable, this suggests there may be residual claims tied to the project. • Such claims could include: • Profit-sharing agreements: A portion of future profits from Bear Head Energy could be allocated to LNG Limited stakeholders. • Deferred payments: If the sale of Bear Head Energy included clauses for additional payments contingent on the project’s success, shareholders might indirectly benefit. • Equity retention: If LNG Limited retained a minority equity stake in Bear Head Energy (even after selling it), shareholders could benefit from future profitability. 3. Legal and Financial Framework: • Under Australian corporate law (e.g., the Corporations Act 2001), administrators and liquidators are required to act in the best interests of creditors and shareholders. If any agreements were made during liquidation that preserved shareholder value tied to Bear Head Energy, these would need to be disclosed in official liquidation reports. • Shareholders should review the liquidation documents or consult with the liquidator to confirm whether such clauses exist. 4. Statements by John Godbold: • If John Godbold explicitly stated that LNG Limited shareholders retain value if Bear Head Energy becomes profitable, it is important to verify whether this statement is based on legal agreements or financial arrangements made during the sale of the asset. • This could indicate that there are conditions under which LNG Limited shareholders may benefit indirectly from Buckeye Partners’ development of Bear Head Energy.Steps You Can Take as a ShareholderIf you believe there is retained value tied to your shares in LNG Limited, here are actionable steps: 1. Review Liquidation Reports: • Obtain copies of LNG Limited’s liquidation reports or creditor/shareholder communications. These documents will outline how assets were sold and whether any residual claims or entitlements were preserved for shareholders. 2. Verify Statements by John Godbold: • Investigate the context of John Godbold’s statement regarding shareholder value retention. Was this statement made publicly or in an official capacity? If so, it may point to specific agreements tied to Bear Head Energy’s profitability. 3. Contact Liquidators: • Reach out to the liquidators who handled LNG Limited’s administration and liquidation process. They can confirm whether any arrangements were made that allow shareholders to benefit from Bear Head Energy’s success. 4. Seek Legal Advice: • Consult with a corporate lawyer specializing in insolvency or shareholder rights. They can help you interpret any agreements or clauses that might entitle you to benefits from Bear Head Energy’s profitability.ConclusionIf John Godbold stated that LNG Limited shareholders retain value if Bear Head Energy becomes profitable, this could indicate the existence of specific legal or financial arrangements made during liquidation. However, without access to these agreements or official documentation, it is difficult to confirm how (or if) shareholders will benefit.To move forward, I recommend reviewing official reports from LNG Limited’s liquidation process and seeking clarification from relevant parties (e.g., liquidators or legal counsel). This will provide a clearer picture of whether your shares still hold residual value tied to Bear Head Energy’s success under Buckeye Partners.