Queensland Gas Company Limited - Panel Decision

The Takeovers Panel (Panel) advises that it has considered the application (Application) from Santos CSG Pty Ltd (Santos) in relation to its off-market takeover offer for Queensland Gas Company Limited (QGC and Offer). Having regard to the further disclosures agreed to be provided by QGC in a second supplementary target's statement, the recent announcements by QGC about the proposed transaction with AGL Energy Ltd (AGL Proposal) and the proposed transaction with Sentient Gas (Sentient Proposal) (collectively the Proposals) the further information to be provided in the notice of meeting and explanatory memorandum for those Proposals and submissions from QGC and Santos, the Panel has decided not to make a declaration of unacceptable circumstances in relation to the Application.