only 3,419,045 more shares to blocking stage, page-36

I think Holy is right, MEL is in play and I don't expect this one to drag out too long.

LNG Limited need to announce their gas supply plans this quarter assuming they will be looking for debt funding for Fisherman's Landing. They won't get any funding unless gas supply is confirmed.

Assuming MEL is part of LNG's plans, LNG's announcement should include MEL via GSA or farm-in via Arrow or CNPC. This would generate a spike in MEL shares.

A GSA with MEL won't provide lenders with any comfort as regards supply.

Why bother going through a GSA or farm-in arrangement with the prospect of paying more to acquire 100% of MEL shares in the future?

If the conventional prospect lives up to its promise, MEL's shares will soar.

Why not buy MEL now and pay a reasonable price based on CSG reserves and potentially steal the conventional. Seems low risk play, value wise.

When was the last time these behemoths entered a JV with a minnow? Possibly Shell with Nexus. Not sure but seems unlikely to me.