AJL 0.00% 1.0¢ aj lucas group limited

Roger81777, APC Pipeline (a consortium including AGL and...

  1. 873 Posts.
    Roger81777,
    APC Pipeline (a consortium including AGL and Petronas) won the tender for the pipeline quite a few years back. The HGP owners (Exxon, Oil Search et al) have signed a 'binding letter of intent' with APL Pipeline... see the Exxon media release attached to today's announcement from OSH. At this stage APC would design, own and operate the pipeline. I don't know what circumstances would arise that might change this. Obviously the agreement is merely a 'letter of intent'? but the tender has already been won as far as I can see..



    Regards,

    Christian
 
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