QPME are simply continuing their playbook and being super diligent here, particularly as a previous sale of AGL's portion of the MGP fell through in 2019, due to:
Certain conditions precedent to the sale were unable to be satisfied to secure counter-party support for the sale to proceed.
https://www.agl.com.au/about-agl/media-centre/asx-and-media-releases/2019/january/sale-of-north-queensland-gas-assets-not-to-proceed
Remember the MGP is a 50/50 JV between AGL (public company), and Arrow Energy (private company/unlisted public company, itself a 50:50 JV between Shell & PetroChina). Tricky stuff to satisfy all parties.
Remember, the NQGP has significant unrealised potential: https://northqueenslandgaspipeline.com.au/opportunity-north-queensland
Appreciate the proactive comms in this case, and look forward to more news on the Cake.
IMO QPM looking good to go The Distance
Ann: Moranbah Acquisition Update, page-8
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Mkt cap ! $82.51M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11357 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 102512 | 4 |
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