LIQUEFIED NATURAL GAS LIMITED (ASX.LNG)

company is deregistered today

Strike-off action has been initiated against the company

The company notifies ASIC of a change in its registered address.

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 17 June 2021)

we understand the company failed to pay its annual listing fees by close of business on Friday, 26 February 2021

delisted from the close of trading on Friday, 26 February 2021, pursuant to Listing rule 17.15.

Under Listing Rule 17.6, any entity (if not already suspended) that has not paid its annual listing fees by close of business on Friday, 19 February 2021 will have its securities suspended from official quotation before the commencement of trading on Monday, 22 February 2021. The company has not paid the second instalment of its annual listing fees in respect of the year ending 30 June 2021 but the securities are already suspended from official quotation.

The DOCA proponent, Aureus LNG GmbH, was unable to satisfy the conditions precedent to enable the DOCA to be effectuated. At the concurrent meetings of the Companies' creditors held on 8 February 2021, creditors resolved to terminate the DOCA and place each of the Companies into liquidation. Pursuant to the provisions of the Corporations Act 2001, Craig Crosbie, Simon Theobald and Daniel Walley have been appointed Liquidators of the Companies. The Liquidators will now realise the remaining assets of the Companies, assess claims from creditors and make distributions to creditors where possible.

On 29 January 2021 the DOCA proponent, Aureus LNG GmbH, was granted an extension to the date by which the conditions precedent for the effectuation of the DOCA need to be satisfied by the Deed Administrators in accordance with the provisions of the DOCA until 5:00pm (AEDT) on Friday, 5 February 2021.

Following concurrent meetings of the Companies' creditors on 15 January 2021, a further extension of the Sunset Date has been granted pursuant to the provisions of the DOCA until 5:00PM AEDT on 29 January 2021.

On 17 December 2020, the Company received a further request from Aureus to extend the Sunset Date. On 18 December 2020, the Deed Administrators issued to Aureus a further Notice pursuant to the Deed to further extend the Sunset Date until 5pm (AEDT) on 15 January 2021. A copy of the DOCA has beenlodged with the Australian Securities and Investments Commission in accordance with Section 450B of the Corporations Act 2001.

The company, together with four of its wholly owned subsidiaries, had executed a DOCA on 8 October 2020. Upon request from the DOCA proponent, Aureus LNG GmbH, the date by which the conditions precedent for the effectuation of the DOCA need to be satisfied has been extended by the Deed Administrators in accordance with the provisions of the DOCA from 8 December 2020 until 5:00pm (AEDT) on 18 December 2020.

On 5 November 2020, ASIC made an order granting the company relief from various financial reporting obligations, specifically from 5 November 2020 until the earlier of 5 November 2022 or 2 months from the date that the company ceases to be under external administration. Also, until the last day of the Deferral Period, the Order grants the above relief to the company in relation to the financial year ended 30 June 2020 to the extent of any continuing obligation on the company under Part 2M.3 of the Act in relation to that financial year.

Together with four of its wholly owned subsidiaries, the company executed a DOCA on 8 October 2020. The DOCA gives effect to the deed proposal made by Aureus LNG GmbH.

The company intends to rely upon an automatic deferral of ASIC reporting obligations for up to 6 months following the appointment of administrators on 30 April 2020. LNG would ordinarily be required to comply with its financial reporting obligations by 30 September 2020 per Section 319(3)(b) of the Act. A six-month deferral of obligations affords LNG until 30 October 2020 by which to comply.

The company's administrators have obtained orders from the Supreme Court of Victoria confirming that the administrators are justified and acting reasonably in proceeding with a 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. The Court granted all of the orders sought in the Application on 8 July 2020. The administrators will commence the Stage 2 process immediately and are targeting indicative offers by 24 July 2020.

The administrators are applying for judicial advice prior to commencing a 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. The application is due to be heard by the Supreme Court of Victoria, via a Zoom meeting,on Wednesday 8 July, 2020 at 10:30 AM (Melbourne time).

S&P Dow Jones Indices Announces June 2020 Quarterly Rebalance of the S&P/ASX Indices. All Ordinaries "“ Effective at the Open on June 22, 2020 - Removal - Liquefied Natural Gas Limited.

On 25 May 2020 (Sydney time), the Company terminated the GEM Transaction pursuant to the terms of the underlying agreement, due to GEM's failure to close the transaction within the required timeframe. Shortly thereafter, the Company entered into a new transaction under which it has sold its interests in the US Entities to another party, Magnolia LNG Holdings, LLC, for a cash price of US$2.0 million. The Magnolia Transaction was signed and closed on 26 May 2020. The Company and Magnolia have also agreed to work together on a potential recapitalisation proposal for the Company.

The Company has entered into a binding sale transaction in respect of its interest in subsidiary entities that own and operate the Magnolia LNG Project, including Pecan Inc., LNG Management Services, LLC and LNG Technology, LLC. The Transaction does not include the Company's interest in the business and assets of the Bear Head LNG project, which remain owned by entities controlled by the Company. While the Company's patented optimized single mixed refrigerant liquefaction process technology will be sold as part of the Transaction, the Bear Head LNG project will retain a perpetual licence to use that technology.

Crosbie, Simon Theobald and Daniel Walley of PwC Australia were appointed joint and several Voluntary Administrators of four of the Company's wholly owned subsidiaries on 6 May 2020. The subsidiary companies are LNG International, LNG Technology, Mayflower, and North American LNG. The Voluntary Administrators are continuing to assess the assets and business of the Company and its Australian Subsidiaries, and are working closely with the US-based management team in this regard.

suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 May 2020, following failure to lodge the relevant periodic report by the due date

Craig Crosbie, Simon Theobald and Daniel Walley of PricewaterhouseCoopers Australia are appointed joint and several Voluntary Administrators of the Company

The suspension of trading in the securities of Liquefied Natural Gas Limited will be lifted immediately, following the release by LNG of an announcement regarding a proposed convertible note funding agreement.

LNG-9 PTE LTD has informed LNGL that LNG9's Bidder's Statement is to be lodged with ASIC in mid-April 2020 for despatch to shareholders by late April 2020. LNGL will issue its Target's Statement as soon as practicable (and no later than 15 days) after the Bidder's Statement is despatched to shareholders. LNGL's Board of Directors remains of the unanimous view that LNGL shareholders should accept the LNG9 Offer once received (in the absence of a superior proposal being received) and will make this recommendation in the Target's Statement. First Wall Street Capital Corp. has advised LNGL that it will not provide funds according to the terms of the legally binding Secured Convertible Note Subscription Deed. LNGL has therefore terminated the deed and the security provided under that deed and reserves all of its rights against First Wall Street Capital Corp. LNG9 has informed LNGL that it intends to work with LNGL to provide or arrange new sources of funding as a supplement to existing cash on hand to improve LNGL's working capital position and sustain its operations through to at least the end of the LNG9 offer period. Based on discussions held to date, LNGL anticipates that new sources of funding on terms acceptable to LNGL and LNG9 will be obtained, although that is not certain.

LNGL requests that the voluntary suspension from quotation remain in place until the release of an announcement in respect of the proposed secured convertible note funding arrangement, which is expected to occur as soon as possible and, in any event, before open of trade on Friday 27 March 2020.

The securities of Liquefied Natural Gas Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of LNG, pending the release of an announcement regarding the proposed secured convertible note funding arrangement announced on 28 February 2020.

The suspension of trading in the securities of Liquefied Natural Gas Limited will be lifted immediately, following receipt of an announcement. Security Code: LNG

The securities of Liquefied Natural Gas Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of an announcement. Security Code: LNG

The suspension of trading in the securities of Liquefied Natural Gas Limited (the " Company") will be lifted immediately following the release of the Company's announcement concerning the completion of a capital raising. Security Code: LNG

The securities of Liquefied Natural Gas Limited (the "Company") will be suspended from quotation immediately at the request of the Company, pending the release of an announcement. Security Code: LNG LNGXBB

securities reinstated to quotation

securities suspended from quotation