sgl seeks clarification of qgc statement this morn

OMG....this SGL management is really a bunch of losers......


QGC 6:56 PM SGL seeks clarification of QGC statement this morning

Sydney Gas seeks clarification of Queensland Gas’
statement this morning

8 March, 2006

The announcement to the ASX by Queensland Gas Company Limited (QGC) this morning
has necessitated a trading halt in Sydney Gas Ltd (SGL) shares until the issues raised in
QGC’s release can be addressed.
SGL is unable to comment further pending the deliberations of the Takeovers Panel due to
its confidentiality obligations as part and parcel of the procedural requirements of the
Takeovers Panel.
SGL has sought from QGC immediate clarification of the following matters from QGC’s
announcement:
· QGC’s intentions or otherwise of withdrawing its offer and, if so, on what basis;
· Identification of the defeating condition to which QGC refers;
· The circumstances under which QGC believes the condition is likely to be
triggered;
· The practical consequences of the delay that QGC refers to in its ASX
announcement today.

OMG....this SGL management is really a bunch of losers......

T10