The WCL takeover offer is a useful benchmark, but let us not...

The WCL takeover offer is a useful benchmark, but let us not forget the key to short-term value recognition is the sale of the Queensland gas assets - which all the Gladstone LNG participants should be jockeying to acquire - whether to add volume to initial feeds or as resilience or as backup, or even to keep the other LNG players out, or at least to keep them anxious in obtaining future gas.