The Company is positive on the progress being made to secure gas for the Fisherman?s Landing LNG Project and expects to be able to provide shareholders with further details in the September 2011 quarter. The Company remains confident that it will secure gas for the project, with the financial and technical credibility of HQCEC providing potential gas suppliers with increased confidence in the delivery of the Fisherman?s Landing LNG Project.
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So in end of Q3, we should be expecting something?
Fisherman Landing LNG now has a few choices left:
1. offtake agreement with BPT (conventional gas and potential shale gas)
2. offtake agreement with MEL (in form of JV or farm-in)
3. offtake agreement with MPO
BOW is out of the picture, with Arrow.
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