mou with babcock and brown

This is Mr Lincoln Augustus, first second cousin of Holymagiman.

I noticed this announcement about Babcock and Brown posted by ESG on 12 November 2007.

It appears to me that Babcock and Brown might be in a bit of financial strife at the moment and was wondering if the MOU would come to fruition or if it may end up aborted.

Would appreciate your learned comments
MLA

12 November 2007
EASTERN STAR AND GASTAR EXECUTE MOU WITH BABCOCK & BROWN
FOR LONG TERM SUPPLY OF COAL SEAM GAS
FOR USE IN ELECTRICITY GENERATION
Major Expansion of Prospective Gas Supply Portfolio
Coal seam gas group Eastern Star Gas Limited (ASX: ESG), with joint venture partner Gastar
Exploration Limited (AMEX: GST & TSX: YGA), has entered into a Memorandum of Understanding
with Babcock & Brown Australia Infrastructure Pty Ltd (a subsidiary of Babcock & Brown Limited,
ASX: BNB) for supply of gas for use in the generation of electricity.
The Memorandum of Understanding envisages supply of up to 40 PJ/a of gas from the Narrabri Gas
Project (ESG 65%, Gastar 35%) for use in a gas fuelled power station to be developed by Babcock &
Brown in Northern NSW. Subsequently, gas supplies may be further expanded to meet requirements
of power station developments at other locations.