LNG (ASX) Bear Head LNG Receives Governor in Council Approval

Originally posted by Timbogold ↑

Excellent news, not that this should be a surprise to anyone and again re-enforces the statement in LNG's recent Preso "BH LNG poised for expedited development".
https://docs.neb-one.gc.ca/ll-eng/llisapi.dll/fetch/2000/90466/94153/552726/2545224/2546087/2981726/A77177-1_Letter_to_Licence_GL-315_and_Licence_GL-316_-_Bear_Head_LNG_Corporation_-_A5C1J1.pdf?nodeid=2982375&vernum=-2 (Amused to see the letter addressed to JG, but hey he has been a key contributor of the massive progress on this project).
http://www.lnglimited.com.au/irm/sh...unceGuid=e557d1d8-9081-480c-986c-7bd3028ee37b

As for anyone concerned at the recent disappointing EA application for Bear Paw, don't be. I have it on good authority that EA oversight in Canada is increasing which DJ & team are addressing. What was disappointing is the additional information required was only advised after the event, and is being addressed promptly.
http://novascotia.ca/nse/ea/bear-paw-pipeline/Decision_Bear_Paw.pdf

Today's ann. enhances the already very significant swag of approvals already in place making BH far and away one of the best placed Canadian project (and THE best in the East Coast).

It's becoming patently clear to me that the option of liberating gas in the west via the trans Canada pipeline may well be the most attractive option (if exports from the US don't beat them to it). And remember KBR are already at work on the EPC and strategic partners (Chart, Siemens) will be engaged to leverage OSMR as lowest cost quartile platform.

And to think analysts ascribe zero value to BH.

Makes me think that when BH signs supply agreements, further impetus to a mega melt up given the EV BH will drive (LNG currently holds 100%) will fuel further melt up.

Go BH!

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Just curious......the approval letter is dated 26 May 2016. It seems a long time between being penned to its announcement to the market. Is its release timed due to recent spike and retreat do you think? Held off announcing to assist in propping up the retreating price, rather than releasing it a week or so ago???