ASX 0.52% $61.97 asx limited

Not many shares on issue and seems to be quite promising in a...

  1. 280 Posts.

    Not many shares on issue and seems to be quite promising in a demanding energy market with a new concept. Not sure if there is any other stock listed like this one?

    Sydney - Tuesday - September 14: (RWE Aust Business News)

    Liquefied Natural Gas Ltd joined the sharemarket lists for the first time today, and the 20c shares opened at 21c and traded between 20.5c and 22c before settling at 21.5c.

    In the first 15 minutes almost 1.2 million of the 47.2 million shares on issue were traded. Liquified Natural Gas claims to bring a new concept to the international energy market. It was formed as "the energy link" between previously discovered but non-commercial gas reserves and potential new energy markets identified by the company.

    The gas will be delivered to these markets as liquified natural gas, replacing expensive and less environmentally attractive oil-based fuels using innovative production technology.

 
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