Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

LIQUEFIED NATURAL GAS LIMITED

(LNG)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancials 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Liquefied Natural Gas Limited : - Outcome of Judicial Advice Application

07/10/2020 | 09:22am EST

Liquefied Natural Gas Limited (ASX: LNG) announces that its Administrators, Craig Crosbie, Daniel Walley and Simon Theobald of PricewaterhouseCoopersAustralia, have obtained orders from the Supreme Court of Victoria (Court) confirming that the Administrators are justified and acting reasonably in proceeding witha process seeking expressions of interest in relation to either a recapitalisation of the Company and / or its remaining subsidiaries, or one or more transactions in respect of the Group's remaining assets.

As set out in the ASX Announcement dated 30 June 2020, the Administrators applied to the Supreme Court of Victoria for judicial advice (Application) seeking confirmation that it is appropriate for them to commence the Stage 2 Process and to progress, enter into and complete a Recapitalisation or Asset Transaction should they receive proposals that they consider to be for the benefit of creditors and (where there is a surplus) shareholders.

The Court granted all of the orders sought in the Application on 8 July 2020. A copy of the orders may be obtained using the link below. https://insolvency.pwc.com.au/singleEntityCases/liquefied-natural-gas-limited-administratorsappointed/casePage

Accordingly, the Administrators will commence the Stage 2 Process immediately and are targeting indicative offers by Friday, 24 July 2020. Parties interested in participating in the Stage 2 Process should contact Harrison Stanton at harrison.stanton@pwc.comfor further details. For any media enquiries, please contact Fergus Ross of Six Degrees at Fergus.ross@6-degrees.com.au.

Contact:

Tel: +1 713 815 6900

Fax: +1 713 815 6905

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about LIQUEFIED NATURAL GAS LIMITED
11/24Australia's Santos plans maintenance at Gladstone LNG plant in January 2021
RE
11/11BUA CEMENT : Raises Hopes of Shareholders
AQ
10/01LIQUEFIED NATURAL GAS : Gas Production Reaches 94. 2 Million Cubic Feet
AQ
09/17LIQUEFIED NATURAL GAS : LNG) Market expected to reach USD 20.28 Billion by 2025 ..
AQ
09/14LIQUEFIED NATURAL GAS : Glenfarne seeks 5 more years to build Louisiana Magnolia..
RE
08/05BUA CEMENT : Beats the Odds
AQ
07/29LIQUEFIED NATURAL GAS : Qatar Petroleum - Qatar to host LNG2025 the 21st Interna..
AQ
07/10LIQUEFIED NATURAL GAS LIMITED : - Outcome of Judicial Advice Application
AQ
07/01LIQUEFIED NATURAL GAS LIMITED : - Seeking judicial adviceprior to commencing a S..
AQ
06/12LIQUEFIED NATURAL GAS : Court directs NAB to file supplementary reference agains..
AQ
More news
Financials
Sales 2019 - - -
Net income 2019 -33,5 M -24,8 M -24,8 M
Net cash 2019 19,8 M 14,6 M 14,6 M
P/E ratio 2019 -3,98x
Yield 2019 -
Capitalization 24,8 M 18,3 M 18,3 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 83,6%
Chart LIQUEFIED NATURAL GAS LIMITED
Duration : Period :
Liquefied Natural Gas Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
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
Sector and Competitors
1st jan.Capitalization (M$)
LIQUEFIED NATURAL GAS LIMITED-77.37%18
CNOOC LIMITED-25.93%55 299
CONOCOPHILLIPS-34.22%46 595
EOG RESOURCES, INC.-38.60%30 919
CANADIAN NATURAL RESOURCES LIMITED-26.19%28 128
ECOPETROL S.A.-33.33%25 122