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
QPME are simply continuing their playbook and being super...
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Last
3.6¢ |
Change
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Mkt cap ! $90.75M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.5¢ | $189.6K | 5.388M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 477142 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 740084 | 5 |
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| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
3.6¢ |
Change
0.000 ( 2.86 %) |
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| Open | High | Low | Volume | ||
| 3.5¢ | 3.6¢ | 3.5¢ | 2332652 | ||
| Last updated 15.20pm 30/05/2024 ? | |||||
| QPM (ASX) Chart |