You've got to applaud GV & Co for this very strategic $28M...

You've got to applaud GV & Co for this very strategic $28M capital raise at .50c... a 14.1% premium to the volume weighted average price of LNGL shares over the 30-trading day period ending June 1, 2018 of $0.44. Given our current position in the game, IDG would be laughing acquiring shares at this price!

Smart move which was the final missing piece to the puzzle before clinching BTAs under those dark clouds. Realistically, a BTA or 2 will fall by years end and with our cash runway now seeing us through till approximately June 2020... we're well and truly home!

Who is IDG?

IDG Energy, as the energy sector investment platform of IDG, is a well-known equity investment institution who has long invested in the natural gas field. It is currently focusing on the substantial investment opportunities arising from China's increasing demand for imported natural gas and the emerging North American LNG exporting market due to abundant low-cost shale gas supply. In 2017 IDG Energy won two natural gas projects... 1) The world class Eagle Ford shale gas block & 2) JOVO's Dongguan, Guangdong LNG receiving terminal.

Dec 14 2017... Taiwan-based electronics manufacturer Foxconn Technology, the world’s largest electronic products manufacturer and a Global Fortune 500 company ranking 27th in 17',  acquired a 24.4% stake in IDG Energy Investment Group for about HK$1.49 billion ($190.4 million). Five subsidiaries of Foxconn acquired 297 million shares of IDG Energy for HK$297 million each, the Hong Kong-listed company stated in an exchange filing. Under the terms, IDG Energy agreed to issue a total of 1.49 billion subscription shares at HK$1.00 apiece, about a 27% discount to their closing price of HK$1.37 on the 13th.

Titan Gas Technology Investment is currently the controlling shareholder of the company holding 48.62% equity interest. Founded in February 2012 as an independent E&P company, Titan Gas is the only privately-owned company that won an E&P land right at the 2012 National Shale Gas Lease Concession. The winning block, Feng'gang No.3, is located in Guizhou Province and encompasses 290,000 acres. Whats the correlation with IDG? The latter is a subsidiary of Titan, with accumulated assets of $20B!

With our Top 3 Shareholders being;

1. Baupost - holding 12.2% interest & 62,340,529 shares
2. IDG Energy 9.9% 56,444,500
3. Valinor 8.2% 41,967,223

Impressive gathering...

Strong!