Good find mg, you were fast.was just preparing this:I keep...

Good find mg, you were fast.
was just preparing this:

I keep wondering, who tries to keep our SP down. May be for a TO?
Must be somebody with a lot of shares.
Who is our largest shareholder?
LNG 7.49%
Have a look at their Quarterly of today.

?The Company is currently reassessing its strategic shareholding position in OBL as well as the long term gas supply potential for a mid scale LNG project.?

http://www.lnglimited.com.au/IRM/Company/ShowPage.aspx/PDFs/1593-84632338/QuarterlyReportJune2011

?The Company is the largest shareholder in OBL with a 7.49% shareholding.
OBL is involved in exploration for oil and gas in the offshore Gippsland Basin of South-Eastern Australia, the onshore Canning Basin of Western Australia and more recently the offshore waters of the Carnarvon Basin. All areas of interest are situated in proven hydrocarbon regions of Australia and nearby, to established infrastructure hubs.
Of particular interest to the Company is the OBL asset - onshore Canning Basin (Backreef Area and Derby Block) which has potential oil, coal seam gas (CSG) and unconventional shale gas (USG).
Backreef Area: The potential oil discovery is a result of drilling in the Backreef area in October/November 2010. OBL has commissioned new geophysical and geological work to assist with its evaluation and interpretation of this potential new oil area and expects to be able to provide the results to shareholders in the September quarter. OBL is also assessing potential CSG and, in particular, USG resources. On 21 July 2011 OBL released a comprehensive Independent Experts Report on the Backreef area as well as permit 5/07-8 EP, known as the Derby Block.
Derby Block: During this quarter, OBL was appointed as the USG operator, having been appointed as the CSG operator on 26 March 2010. The Derby Block is well situated in the Kimberley region (see location map below) with a large unconventional gas potential which prompted a Strategic Alliance Agreement to be signed between OBL and the Company during the December 2010 quarter, to jointly investigate the development of an LNG project in North Western Australia (Kimberley LNG Project). The Kimberley LNG Project is based on utilising the potential large resources of conventional and unconventional gas contained within the Canning Basin, including gas contained within OBL?s acreage and that of its joint venture partners. The proposed Kimberley LNG Project will benefit from the advanced development work undertaken by the Company for its Fisherman?s Landing LNG Project.
The Company is currently reassessing its strategic shareholding position in OBL as well as the long term gas supply potential for a mid scale LNG project. ?

Then look at their strategy:

The Company is the largest shareholder in OBL with a 7.49% shareholding.
OBL is involved in exploration for oil and gas in the offshore Gippsland Basin of South-Eastern Australia, the onshore Canning Basin of Western Australia and more recently the offshore waters of the Carnarvon Basin. All areas of interest are situated in proven hydrocarbon regions of Australia and nearby, to established infrastructure hubs.
Of particular interest to the Compa

http://www.lnglimited.com.au/IRM/content/about_companystrategy.html

Who became their largest shareholder with 19.9% on ? Look again on the picture in the Quarterly (website above) and Shareholder Notice 14July11.

http://www.lnglimited.com.au/IRM/Company/ShowPage.aspx/PDFs/1583-35473779/HQCECSharePlacementCompletedandAppendix3B

One of the biggest.

Hmmmmm.