LNG - Liquefied Natural Gas

[Wysiwyg]

"Just had a look at their latest presentation. It doesnt look bad. They are continuing with their plans. Yet the SP is still under the pump!"

On the price side of things LNG is just above the May 2005 low of 29c. Have to wait for the tide to turn now I suppose. Gradually approaching base camp for the moment which I think was 20c.
Log. scale perspective.

 

[jonojpsg]

Hey Wys,
I'm on this one atm as I believe they hold a massively undervalued position with the Fishermans Landing project. Current MC of around $75m of which $20odd mill is cash and really all they need is to secure a gas supply and they will be away. With a highly competitive capital cost of $300/tonne LNG capacity they could potentially pay back this cost in a couple of years (POO dependent) and be raking in multiples of their current MC each year.

Once gas supply is secured SP will be multiples of what it is now IMO...only a matter of time.

 

[Wysiwyg]

Yes Jonojpsg, with the lower price comes the higher percentage-per-point move. Noticed today was a low volume up day and also the second look at this zone. Potential turning point but for how long I wonder. The U.S. employment scene has dropped markedly and maybe the markets have priced in the news already. Either way a declining market doesn't help these terminal down trenders. :bayer:

 

[jonojpsg]

Watch this space - decent jump today (14%) on no news, BUT should be something soon re gas supply for Fishermans Landing project. Still not getting a mention in the Australian even though there have been a couple of MAJOR articles lately re the major LNG projects on Curtis Island - I guess once gas supply is sorted they should get a mention?

If/once gas supply is secured, there will be a big move up IMO.

 

[AngusSmart]

i have been reading about gladstone a bit lately in the news are they tied in with the santos business up that way? or are they on their own doing a similar thing in gladstone?

i think this may have been the article

http://www.theaustralian.com.au/bus...ng-consolidation/story-e6frg8zx-1225890492728

 

[jonojpsg]

i have been reading about gladstone a bit lately in the news are they tied in with the santos business up that way? or are they on their own doing a similar thing in gladstone?

i think this may have been the article

http://www.theaustralian.com.au/bus...ng-consolidation/story-e6frg8zx-1225890492728

No, and this is where LNG have the jump on the majors. LNG's project is a medium scale (1.5-5MTpa) project that runs on 1, 2 or 3 trains @ 1.5MTpa each. It means they can have their project up and running (albeit at 1.5MTpa) by 2013 compared to 2014 or 15 for the bigger projects.

All their approvals are done, preliminary earthworks started, all they need is a secured gas supply, which again is an advantage because they obviously don't need huge gas supply to make it happen. Also an advantage for offtake since they only need to find a taker for 1.5MTpa for starters - note in the article Santos are having trouble finding takers after their first 1.5MTpa.

All in all LNG could be a BIG winner IFF they get gas.

Oh, and they are on the mainland, not Curtis Island so no environmental issues which is a BIG plus.

 

[AngusSmart]

Thanks for clearing that up, i was just a bit confused when i looked at the shareholders of LNG to find Arrow, and then the santos news doing deals with arrow and petro china..

i have had this on my watch list for a very long time...

 

[eddyeagle]

Up another 10% today - something is going on!

I topped up at 40c - so that is starting to pay off!

 

[jonojpsg]

Yep, I'm thinking gas supply is close to being locked in. As I mentioned earlier (to the disapproval of some), MD did say they were moving towards having supply secured within the next month or two. Looking forward to that!

 

[AngusSmart]

Looking good for anyone holding this stock at the moment.. up some 50% in the last month or so..

looking close to securing someone for the supply. with talks with BOW..

 

[jonojpsg]

Yep, I'm thinking gas supply is close to being locked in. As I mentioned earlier (to the disapproval of some), MD did say they were moving towards having supply secured within the next month or two. Looking forward to that!

Was anyone listening Definitely looking for $1+ now, especially once gas supply is confirmed.

 

[AngusSmart]

Was anyone listening Definitely looking for $1+ now, especially once gas supply is confirmed.

Been listening for some time now.. still have not dropped anything on this stock yet. but defiantly been a good ride to watch..

will consider doing something soon when more news is out.

 

[eddyeagle]

Loving the ride at the moment. My 40c top up has proved to be a stroke of genius and I'm finally back in the black! Another 4.6mil shares traded to today - volumns looking good. Let the good times roll!

 

[eddyeagle]

Spectacular two day rise from the old LNG. From 47.5c to 65 c in two sessions! I wonder if something is up...

From a technical perspective we have broken through the 200 day MA which is a good sign...

 

[eddyeagle]

This from the latest quarterly:

* Gladstone “Fisherman’s Landing” LNG Project (Fisherman’s Landing LNG Project) - the Company continues to advance meaningful discussions with potential gas suppliers for its wholly owned Fisherman’s Landing LNG Project. It is pleasing to note that momentum has returned in these discussions following the conclusion of the Federal Government elections, clarification of the taxation position for coal seam gas (CSG) to liquefied natural gas (LNG) projects and recent Federal Government conditional environmental approval for two of the proposed larger Curtis Island LNG projects, in the Port of Gladstone.
* The Company has signed Confidentiality Agreements and is currently in discussions with six potential strategic partners as LNG buyers and project investors, in the Fisherman’s Landing LNG Project. On completion of gas supply and selection of strategic partners, the Fisherman’s Landing LNG Project is positioned to move to final investment decision and construction.


Sounds promising - they just need to sort some gas!

 

[eddyeagle]

Probably talking to myself here but this was in the news today:




REFILE-UPDATE 1-CNPC unit to buy 19.9 pct of Australia's LNG Ltd
Thu Jan 27, 2011 8:08am GMT
(Refiles to make clear market cap in paragraph 8 is in Australian dollars)

* Huanqiu eyes mid-scale LNG technology from Australian firm

* CNPC unit Huanqiu is China's leading LNG terminal builder

* Huanqiu is extending into gas liquefaction business

BEIJING, Jan 27 (Reuters) - China Huanqiu Contracting & Engineering Corp, an engineering unit of CNPC, agreed on Thursday to buy a 19.9 percent stake in Australia's Liquefied Natural Gas Ltd (LNG.AX), a specialist in mid-scale LNG projects.

Huanqiu will be the largest shareholder of Liquefied Natural Gas and have preferential rights in using the latter's patented liquefied natural gas technology OSMR, according to a statement published on CNPC's website www.cnpc.com.cn.

It did not disclose the value of the deal.

Huanqiu, emerging just in recent years as one of China's leading builders of receiving terminals of the super-chilled natural gas, is also actively expanding into the upstream segment of the business -- gas liquefaction.

It is building the country's largest onshore liquefaction facility in northern Shaanxi province, with annual capacity of 500,000 tonnes.

"This Australian firm is good in building between one- to six-million-tonne-per-year scale plants, a technology that we are lacking," said a CNPC engineering executive.

Liquefied Natural Gas Ltd, based in Perth, is developing a 3 million tonne-per-year coal seam gas to LNG project in the Port of Gladstone, Queensland, which aims for commercial operation in 2012, according to information from the company's website (www.lnglimited.com.au).

The company said it had a market capitalisation of about A$125 million at the end of 2010.

For a factbox of China's LNG terminals:[ID:nTOE6BF015]

For an analysis on China's ambition on gas liquefaction:[ID:nTOE6BM034] (Reporting by Jim Bai and Chen Aizhu; Editing by Ken Wills)

 

[OK2]

LNG will look to announce a decision on a preferred suitor for it's Fisherman's Landing Project in Gladstone ahead of the 1st of July lease agreement. The export market has a substantial premium over current local LNG pricing.

LNG may become a serious takeover target with the imminent deadline and for it's intellectual value at current market pricing.

 

[youngone]

Oil giant, Royal Dutch Shell (RDSA;uk) which is of comparable size to BHP Billiton (BHP) in market capitalisation terms, confirmed it would go ahead with the world’s first floating liquefied natural gas (LNG) project offshore from Western Australia.

FOR INDEPTH VIDEO REPORTS, PLEASE VISIT:
http://commsec.viotv.com/

 

[pavilion103]

Got in this one last week for 30c

Currently 35c and has gone into a trading halt based on an equity agreement.

Does anyone have any news in relation to this?

 

[piggybank]

Got in this one last week for 30c

Currently 35c and has gone into a trading halt based on an equity agreement.

Does anyone have any news in relation to this?

When the trading halt was lifted this was the reason why - http://stocknessmonster.com/news-item?S=LNG&E=ASX&N=653861

However, this was announced (by the company) today on the ASX about an article in yesterdays edition of The Australian - http://stocknessmonster.com/news-item?S=LNG&E=ASX&N=659709

The market obviously liked it, as it sent the price up by 14.5% today to close at 43c it's highest close in 18 months.