QGC queensland gas company limited

spp -insider knows (offer 2b raised increased), page-14

  1. av
    2,595 Posts.
    The share price reflects hopes of the gas contracts with CS and Incitec (at least in the medium term) and the resulting long-term income streams. But I was wondering, if the project financing comes through, are the other parties "locked" in...I looked at past announcements and get little clues. Does anyone know how these contracts are structured...if not specifically then generally in other cases. Last time CS had a "contract" and just pulled out...I'm assuming this can't happen again if QGC get the project financing (otherwise no F.I. would lend to them in the first place?)
    Does anyone know?

    Also waiting on doubling 1P reserves too...seems likely at Argyle (given flow rate increases) but what about Bernwyndale? Might need to build pipeline (mentioned months ago) to link the two fields first. They might need the funds from the second SSP more than we think, especially as a large chuck of the 1st SPP has just gone on purchasing the CS 50% share.

    Still bullish on this stock...just a few nagging questions!




 
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Currently unlisted public company.

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