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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Last
3.6¢ |
Change
-0.003(7.69%) |
Mkt cap ! $90.75M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 3.9¢ | 3.5¢ | $272.8K | 7.428M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1700506 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 249996 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
-0.003 ( 7.89 %) |
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| Open | High | Low | Volume | ||
| 3.8¢ | 3.8¢ | 3.5¢ | 3613921 | ||
| Last updated 15.46pm 29/05/2024 ? | |||||
| QPM (ASX) Chart |