AUL 0.00% 29.0¢ austar gold limited

queensland gas aus5.6 billion bg takeover bid

  1. 3,091 Posts.
    Up 80% today, to meet the bid price. Hmmmm CSG :)

    "SYDNEY -(Dow Jones)- Queensland Gas Co. (QGC.AU) Tuesday endorsed a A$5.6 billion friendly takeover offer from joint venture partner BG Group PLC (BG.LN), partly resting the decision on current turmoil in world financial markets.

    The deal is the latest in a series of lucrative transactions in Australia's coal seam gas, or CSG, sector, which is attracting energy multinationals keen to liquefy CSG for export to fuel-hungry Asian utilities."

    Full article here
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