BG bids for QGC - what will happen to the CSG water ...

Excerpt from Sydney Morning Herald:

BG Group bids $4.8b for QGC

28 October 2008

UK-based BG Group, which launched a failed $13.8 billion bid for Origin Energy, has made a $4.8 billion takeover of Queensland Gas Company.

BG Group has offered $5.75 for each QGC share, which has been recommended by the coal seam gas company - its partner in a liquefied natural gas (LNG) project in Queensland.

''BG Group's unconditional all-cash offer is an attractive reward for our loyal shareholders,'' QGC managing director Richard Cottee said in a statement.
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See - BG bids for QGC.

Will a British run company be as interested in the surrounding communities and assisting with CSG water initiatives ...