METGASCO LTD — Major Shareholding Notification 2013

Apr 22, 2013

605 page 1/2 15 July 2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Metgasco Limited

ACN/ARSN 088 196 383

1. Details of substantial holder (1)

Name CSG Nominees Pty Ltd ABN 24 127 538 434 ( CSG ), Liquefied Natural Gas Limited ABN 19 101 676 779 ( LNGL ) and each of the subsidiaries of LNGL as listed in paragraph 5 below (together the LNGL Group )

ACN/ARSN (if applicable) As above. The holder ceased to be a substantial holder on 22/04/2013 The previous notice was given to the company on 31/10/2012 The previous notice was dated 31/10/2012

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a related interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person’s votes affected
Various – see Annexure A	LNGL Group	On market and off market sales of shares in Metgasco Ltd	Various – see Annexure A	24,310,732 ordinary shares	24,310,732

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

N/A

6. Addresses

The addresses of persons named in this form are as follows:

Signature

Name Address CSG and LNGL 5 Ord Street, West Perth, Western Australia 6005 Gas Link Global Limited ABN 96 009 215 598, 5 Ord Street, West Perth, Western Australia 6005 LNG Management Services Pty Ltd ABN 84 115 587 132, LNG International Pty Ltd ABN 76 099 217 455, LNG Technology Pty Ltd ABN 41 115 455 788, Gedd (PNG) Limited, Qeshm International LNG Gas (Ltd), Gladstone LNG Pty Ltd ABN 24 125 507 753, PT LNG Energi Utama, Kimberley LNG Pty Ltd ABN 35 145 733 071, Gladstone OSMR Technology Pty Ltd ABN 18 138 546 755, South Australian LNG Pty Ltd ABN 78 145 961 306 and Magnolia LNG LLC. print name David Michael Gardner Capacity Company Secretary sign here date 23/4/2013

605 page 2/2 15 July 2002

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001. (3) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ANNEXURE A

This is Annexure A of 1 page referred to in Form 605 (Notice of ceasing to be a substantial holder) given by CSG Nominees Pty Ltd ABN 24 127 538 434, Liquefied Natural Gas Limited ABN 19 101 676 779 and each of the subsidiaries of LNGL.

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____ David Michael Gardner Company Secretary Liquefied Natural Gas Limited

23 April 2013

___ Date

Metgasco Limited ordinary shares sold:

Contract Date	Number	Average Price	Total ($)	Nature
07/02/2013	100,000	0.1550	15,500.00	On market sale
15/02/2013	50,000	0.1450	7,250.00	On market sale
18/02/2013	50,000	0.1500	7,500.00	On market sale
08/03/2013	50,000	0.0920	4,600.00	On market sale
11/03/2013	100,000	0.0950	9,500.00	On market sale
12/03/2013	81,123	0.0950	7,706.69	On market sale
14/03/2013	100,000	0.0720	7,200.00	On market sale
19/03/2013	9,380	0.0680	637.84	On market sale
20/03/2013	40,620	0.0680	2,762.16	On market sale
25/03/2013	65,609	0.0672	4,411.41	On market sale
27/03/2013	100,000	0.0660	6,600.00	On market sale
28/03/2013	100,000	0.0670	6,700.00	On market sale
03/04/2013	800,000	0.0606	48,500.00	On market sale
04/04/2013	200,000	0.0567	11,345.50	On market sale
05/04/2013	1,300,000	0.0578	75,146.90	On market sale
11/04/2013	46,051	0.0570	2,624.90	On market sale
12/04/2013	203,949	0.0550	11,217.20	On market sale
15/04/2013	200,000	0.0550	11,000.00	On market sale
16/04/2013	300,000	0.0550	16,500.00	On market sale
17/04/2013	404,000	0.0550	22,220.00	On market sale
18/04/2013	10,000	0.0550	550.00	On market sale
22/04/2013	20,000,000	0.0550	1,100,000.00	Off market sale
Total	24,310,732		$1,379,472.60