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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Liquefied Natural Gas Limited    LNG   AU000000LNG0

LIQUEFIED NATURAL GAS LIMITED

(LNG)
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Liquefied Natural Gas Limited : - Appointment of Australian-Resident Non-Executive Director

04/02/2020 | 07:54am EST

Liquefied Natural Gas Limited (ASX: LNG, OTC ADR: LNGLY) (LNGL or the Company) announces the appointment of Mr Michael McAnearney as a Non-Executive Director of LNGL, with effect from 3 April 2020.

Michael is based in Perth, Western Australia and joins Mr Richard Beresford as LNGL's second Australian-resident Non-Executive Director.

Michael joins the LNGL Board having over 30 years' experience advising Boards of Directors and Chief Executive Officers for some of the world's leading resources companies in oil and gas, mining and minerals as well as industrial, and infrastructure sectors.

His international experience includes the establishment of businesses in Australia, the UK and USA within the human resources and executive search sector. Michael is a founding director of Gerard Daniels which provides specialist advice in Executive Search and Board Consulting throughout Asia Pacific, Europe, Middle East & Africa (EMEA) and The Americas.

A firm advocate of education and child health, he is a Board Member of the Telethon Kids Institute.

Michael indirectly owns 636,500 LNGL Ordinary Shares.

Michael holds a Bachelor of Psychology from the University of Western Australia.

Greg Vesey, LNGL's Executive Chairman, Managing Director, and CEO said, 'We are honoured to have Michael join the LNGL Board. His experience establishing and managing the development and success of Gerard Daniels along with his strong business development and relationship networks throughout Asia Pacific, EMEA and The Americas will be important as we continue to focus on funding arrangements and the takeover offer. In addition, his significant expertise advising and coaching corporate boards, CEOs, and business executives will be an added asset to LNGL.'

Conotact:

Tel: +1 713 815 6920

ABOUT LIQUEFIED NATURAL GAS LIMITED

Magnolia LNG LLC (Magnolia LNG), a US-based subsidiary, which is developing an 8 million tonnes per annum (mtpa) or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;

Bear Head LNG Corporation Inc. (Bear Head LNG), a Canadian-based subsidiary, which is developing an 8 - 12 mtpa LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;

Bear Paw Pipeline Corporation Inc. (Bear Paw), which is proposing to construct and operate a 62.5 km gas pipeline lateral to connect gas supply to Bear Head LNG and LNG Technology, LLC, a subsidiary which owns and develops the Company's OSMR LNG liquefaction process, a midscale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2019 - - -
Net income 2019 -33,5 M -24,5 M -24,5 M
Net cash 2019 19,8 M 14,5 M 14,5 M
P/E ratio 2019 -3,98x
Yield 2019 -
Capitalization 24,8 M 18,0 M 18,2 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 83,6%
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Managers
NameTitle
Gregory M. Vesey Chief Executive Officer & Managing Director
John G. Baguley Chief Operating Officer
Michael Reed Mott Chief Financial Officer
D. Michael Steuert Independent Non-Executive Director
Joseph B’Oris Chief Development Officer
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