While there has been a lot of shareholder wealth wiped due to...

While there has been a lot of shareholder wealth wiped due to lengthy delays in getting to FID exacerbated by China’s LNG tariffs and other external factors, Magnolia is bankable and viable.

And don’t forget Bear Head or LNGL’s proprietary OSMR technology.

Magnolia is a low cost project in the major LNG hub of Lake Charles, Louisiana, Gulf Coast.

With no debt, this pretty much means that if LNGL can’t get finance and get to FID than no one can.

And given the improving macroeconomic conditions (tariff exemptions and Coronavirus hysteria dissipating, also odds are we will not have 3 mild winters in a row), there is no reason to think US LNG will not go from strength to strength in coming years.

Therefore with no debt and a very bankable project it is only a matter of time before LNGL reaches FID. Not if but when.

Just my opinion