Capstone Green Energy Corp (fka CGRNQ)

[Seasound]

From Capstone's Distributor site Aquatec-Maxcon is listed as a "Distributer" in Australia. On Aquatec-Maxon's site under the Coal Seam tab there is quite a bit of information about supplying Capstone MTs to Origin Energy.

We've all heard repeated stories about the Origin Energy's 530LM pipeline construction and operation project The Australian Pacific LNG Project (APLNG) from Queensland to Curtis Island, offshore from Gladstone and the use of Capstone Turbines at pumping stations, e.g. quote from DJ during Q22013 CC Q&A "Origin Energy is still talking about a 100 units order." Okay, they are still talking about it as of the date of the CC according to DJ while alluding to the C1000. Now it seems that things get dicer.

When searching Origin Energy it seems that various factors are causing many participants in the project to rethink their plans. Shell may bail and other Coal Seam Project Owner's scramble to sell (down stakes.) BG Group sold a 40 percent stake in its Queensland Curtis LNG development earlier this month to China's CNOOC Group for $1.93 billion.

Origin Energy and Conoco Phillips are each looking to sell down 7.5 percent stakes in their Australia Pacific LNG project to cut their holdings to 30 percent each, having already sold a 25 percent stake to China's Sinopec. It seems that a bit of irrational exuberance has created a hangover down unda. See Reuters article coming just one day on the heals of the announced finalized financing agreement for this huge project.

It seems to me that the major players are looking to spread or reduce their risk although it appears that the APLNG Project will move forward thanks in part to China. Is Origin still talking about Capstone? Good question to ponder while noting that Capstone has a job offering for a Regional Sales Manager, Australia on their site. Not sure what that portends, or means, for the Aquatec-Mascon/Origin relationship if anything.

Finally, it being tomorrow in Australia, we get this from the Brisbane Times thrown on our doorsteps a day early--Expect skepticism over gas industry-funded research. No wonder the whole dang industry seems so schizophrenic lately. Makes one want to enjoy a Happy Meal for Thanksgiving.