Golar neue Chancen durch verstärkte Umwandlung von Gas in LNG (Seite 34)

[bragg [KommA]]

Antwort auf Beitrag Nr.: 37.710.398 von Frkst am 04.08.09 20:33:50

auf die dividendenkapazität wird ja explizit hingewiesen. der rest ist wie immer schwer durchschaubar, für mich sind da einfach zuviele zu komplizierte fachtermini drin. aber schlechter als es das letzte halbe jahr war wird es nicht werden.

[Frkst]

Antwort auf Beitrag Nr.: 37.710.373 von kosto1234 am 04.08.09 20:30:52

Hi Kosto,

ich habe meine Meinung schon 13 Sekunden vor Deiner Anfrage dazu gepostet,

[kosto1234]

Danke bragg

wie ist eure Meinung?

[Frkst]

Kommentare zur Neuausrichtung?

Ich denke eine Menge Risiko wurde von der Hauptfirma genommen und die langfristigen Verträge der 5 FSRUs garantieren uns ab 2010 (wenn alle arbeiten) eine stetige Dividendenzahlung.

Wie immer bei JF Unternehmen ist das Ganze eine etwas komplizierte Angelegenheit, wenn ich den Kurs aber heute so sehe scheint es die Börse auch positiv zu sehen.

[bragg [KommA]]

Published: 13:03 04.08.2009 GMT+2 /HUGIN /Source: Golar LNG /OSE: GOL /ISIN: BMG9456A1009

GOLAR LNG LIMITED - RESTRUCTURING AND EQUITY OFFERING

Golar LNG Limited ("Golar") hereby announces a major restructuring combined with an intent to conduct an equity offering in its newly formed subsidiary, Golar LNG Energy Limited ("Energy").

Consistent with the announcement made in Golar's first quarter report, Golar has incorporated Energy in Bermuda for the purpose of transferring such part of its asset portfolio which is not employed on long term charters to this entity.
The transfer will include the following assets and activities:
- the ownership of 4 modern LNG carriers ("Gracilis", "Grandis", "Granosa" and "Golar Arctic")
- the ownership of 3 1970's built LNG carriers ("Khannur", "Gimi" and "Hilli")
- a 50 % ownership interest in another 1970's build LNG carrier ("Gandria")
- a 13,6 % ownership interest in the Australian listed company LNG Ltd.
- Golar's current project portfolio
- certain financial obligations, notably swap arrangements.
In addition, Energy will acquire the subsidiary owning the 1970 built LNG carrier "Golar Freeze" which is scheduled to be converted to an FSRU vessel.

The transaction will be structured as a sale by Golar to Energy of its shares in and shareholder loans to the subsidiaries which are the formal owners of the above referred assets. In addition certain contractual rights will be transferred.

The gross value of the assets transferred from Golar to Energy (excluding "Golar Freeze") is USD 824 million based on Golar's book values as of 30 June 2009.

The debt obligations of the subsidiaries transferred (excluding "Golar Freeze") are, in aggregate, USD 487 million resulting in a net consideration due to Golar from Energy of USD 337 million.

The consideration is based upon Golar's book values as of 30 June 2009 subject to the shares in LNG Limited being valued at market as of 31 July 2009 and Energy being compensated for the negative value of interest rate swaps taken over as of 31 July 2009.

USD 337 million of the net consideration will be settled by Energy issuing 168.5 million new ordinary shares of par value 1.- in Energy to Golar at a subscription price of USD 2.-

The purchase of the "Golar Freeze" will be financed by way of a seller's credit of USD 31 million from Golar to Energy. The seller's credit represents the book value of Golar's equity interest in "Golar Freeze" as of 30 June 2009.

Golar will be granted an option to reacquire "Golar Freeze" from Energy when its conversion to FSRU vessel is completed. Energy will have an identical option to sell "Golar Freeze" to Golar. The price to be paid by Golar in this transaction shall equal the aggregate of the seller's credit and the conversion cost of the vessel, cfr. above.

Golar will retain all the risks and potential benefits associated with the existing leasing arrangements and associated cash deposits for "Gimi", "Hilli" and "Khannur".

Energy and its subsidiaries will we managed by Golar Management (UK) Ltd., thus securing access to a highly qualified and experienced management team. Mr. Oscar Spieler has been recruited by Golar Management (UK) Ltd in order to be the person overall responsible for Energy's administration. Mr. Spieler has previously been the CEO of Frontline Management AS

Completion of the restructuring described above is conditional upon Energy successfully raising USD 150 million in new equity from outside investors through a private placement of 75 million new ordinary shares at a subscription price of USD 2.-.In addition, there will be a "greenshoe" - option of up to 10 mill shares.

The placement of these shares is intended to take place this afternoon and tomorrow.

The subscription of the new shares is fully underwritten by Golar's largest shareholder, World Shipholding Inc.

The private placement, will, if successful, dilute Golar's ownership in Energy from 100 % to approximately 69 %, subject to the "greenshoe" not being used.

The proceeds from the private placement will be used by Energy to finance the development of the project portfolio acquired from Golar and as working capital. Only USD 12 million has been committed to this as of the end of July 2009.

The intention is to list the shares in Energy in the Oslo OTC market following closing of the private placement. A full listing of Energy on a recognized stock exchange is planned before the end of 2009.

The underlying rationale for the restructuring is to create an aggressive, well funded high growth, mid stream LNG company with focus on regasification projects, liquefaction and transport and trading of LNG.

The remaining Golar will have a low risk profile with a business focused on long term charters. Golar will have a fleet of 5 LNG carriers (including "Golar Freeze") and a controlling interest in Energy

Golar will have a high dividend capacity with forward revenues of approximately USD 1.9 billon secured from solid counterparties. Golar's long term financing is in place and there are, with the exception of the conversion cost of "Golar Freeze", no significant capital expenditures expected in the years to come.

Golar LNG Limited
August 4, 2009
Hamilton, Bermuda.

[Glottobeck]

Antwort auf Beitrag Nr.: 37.553.481 von Frkst am 11.07.09 09:14:19

@Frkst
Kann dir leider auch nicht mehr sagen,was die Aufteilung anbetrifft. In Golar bin ich eigentlich ausreichend investiert.
Ich habe,um meine "J.F.-Abhängigkeit" zu reduzieren,im Februar 2007
meine Frontline-Anteile verkauft weil ich denke,daß beim Gas mehr
Zukunftschancen bestehen als beim Öl. Außerdem halte ich noch Seadrill,DSS und Ship Finance und damit sollte auch der Ölbereich ausreichend abgedeckt sein.Im Falle einer Kapitalerhöhung bei
Golar werde ich aber auf jeden Fall dabeisein.

[Frkst]

Antwort auf Beitrag Nr.: 37.540.582 von Glottobeck am 09.07.09 13:10:43

@ Glottobeck:

Ich verfolge ja Golar auch schon seit einigen Jahren. Diese Meldungen wie die die obengenannte sind kleine Steinchen im Gesamtbild, es braucht halt bei Golar alles sehr viel Zeit. Ich denke auch das Golar langfristig ein Erfolg wird. Bei Golar habe eine sehr kleine Position, ich mache mir zur Zeit Gedanken wann der Zeitpunkt kommt diese aufzustocken.

Was meinst Du sollte man jetzt aufstocken oder abwarten bis nach der Aufteilung und der damit verbundenen Kapitalerhöhung? Das Golar neue Aktien herausgibt ist für mich keine Frage, die Frage ist nur machen Sie das noch vor der Aufteilung der Unternehmensbereiche oder teilen Sie erst und es kommt dann nur in dem einen Bereich zu einer Kapitalerhöhung.

Bin hier etwas ratlos, ich schiebe meine Entscheidung schon mindestens die letzten 2 Monate vor mich her, seit bekannt wurde das die Firma in zwei Bereiche geteilt werden soll. Ich möchte natürlich dann den Löwenanteil meiner Aktien in dem dividendenfähigen Teil haben in dem die FSRUs sind.

Euere Meinungen?

[Glottobeck]

Golar LNG | (09/07/2009 11:01:54)

GOLAR LNG AND PTTEP ANNOUNCE AGREEMENT TO JOINTLY DEVELOP AUSTRALIAN FLNG OPPORTUNITY


Further to the Golar LNG ("Golar") announcement in August 2008 of the MOU signed between Golar and PTT Exploration and Production Public Company Limited ("PTTEP") of Thailand covering the joint development of Floating LNG (FLNG) opportunities, Golar is very pleased to advise that it has signed an agreement with PTTEP to jointly enter into Front End Engineering and Design (FEED) studies for the proposed Australian FLNG project located in North West Australia.

Agreement in principle has also been reached on the commercial structuring of the Australian FLNG project which provides for Golar to participate in the gas value chain on a 50:50 basis with PTTEP. It is intended that Golar will farm into the gas reserves held by PTTEP resulting from its recent acquisition of Coogee Resources Limited.

Golar Management's CEO, Gary Smith commented "in line with the intention signaled last year when signing our MOU with PTTEP, both companies have moved quickly and decisively toward establishing a credible, attractive and aligned FLNG business. We are extremely pleased to be working with PTTEP in the area of FLNG and see the very material progress made over the past year as building a solid foundation for future growth. PTTEP has a clear strategy to expand its E&P business internationally and brings to the partnership strong capabilities that are complementary to Golar's floating mid-stream capability."

Mr. Smith went on to say, "Progress made in the area of FLNG announced today, our growing portfolio of floating storage and regasification projects, the development of the Gladstone Fisherman's Landing LNG project and new opportunities establishes Golar as a clear innovator and leader in developing profitable mid-stream LNG solutions."

Golar recently announced that it intended to restructure the Company to form a subsidiary company that will be focused on project development, both FSRU projects and liquefaction projects. The development of this FLNG opportunity will clearly form an important part of this new Company. In due course the new Company will likely raise additional capital and will seek a separate listing. We see great opportunities for Golar to play an important part in developing the LNG market by providing new technology and flexible mid stream solutions to meet the needs of our close customers. Such a development should be highly beneficial for Golar's shareholders.

PTTEP is a national petroleum exploration and production company dedicated to providing a sustainable petroleum supply to Thailand and in the countries they operate. A top-ten publicly-listed company in the Stock Exchange of Thailand, PTTEP operates more than 40 projects around the world and has a workforce of over 2,000. PTTEP commits to developing natural resources while preserving environment, promoting education and assimilating to the countries' society where we operate. PTTEP agreed to acquire Australian producer Coogee Resources Limited in a cash transaction concluded in February 2009. Since then, the company name was changed from Coogee Resources Limited and is now known as PTTEP Australasia Pty Ltd, a subsidiary of PTTEP based in Western Australia and engages in investment in, and development of, oil and gas exploration and production assets in Australia.

[Glottobeck]

JF ist offensichtlich sehr zuversichtlich bei 46% Anteil.


SOURCE: Golar LNG
Jun 23, 2009 04:10 ETGolar LNG Insider Transaction
HAMILTON, BERMUDA--(Marketwire - June 23, 2009) -


World Shipholding Limited, a company indirectly controlled by Golar LNG's Chairman John Fredriksen, has bought 138,900 shares in Golar LNG at a price of NOK 44.38 per share. John Fredriksen's direct and indirect holding in Golar LNG following this transaction is 31,203,900 shares, constituting 46.17 percent of the issued share capital.


Hamilton, Bermuda
June 22, 2009

[Frkst]

Antwort auf Beitrag Nr.: 37.284.708 von kosto1234 am 29.05.09 19:02:52

Ja Kosto manche Langzeitinvestments verstauben so richtig bevor sie was abwerfen.
Ich bin aber bei Golar immer noch positiv gestimmt.
Wenn Sie die 5 langfristig vercharterten Schiffe aus dem Unternehmen rauslösen und in eine eigene Firma tun, dann könnte das interessant für uns werden. Vorrausgesetzt Sie werfen wie angedeutet den ganzen Gewinn aus. Das ganze kommt natürlich auf den Preis drauf an.

Golar hat zur Zeit das Problem das A einige Schiffe nichts abwerfen wegen Umrüstung bzw weil sie nutzlos im Hafen liegen, und das B diese Umrüstung auch einiges kostet.

Nachdem jetzt JF den Chefposten wieder selbst übernommen hat denke ich wird er zumindest die Aufteilung forcieren, bei der eigentlichen Umrüstung und Inbetriebnahme der Schiffe kann er wohl auch zeitlich nicht viel ändern.

Ich denke aber er wird genauso ungeduldig sein wie wir es sind, und schon sehen das die Dividenden bald wieder rollen.

2009 hake ich mal für Golar ab, aber ich prophezeie mal das Golar so ab Mitte 2010 wieder besser da steht, irgendwann müssen sich die getätigten Investitionen mal auszahlen.