CTP 0.00% 5.3¢ central petroleum limited

qld on the nose, page-6

  1. 11,084 Posts.
    Jumpstart,
    there's always more than one side to a story and if you would care to comment on the following.

    Especially take note of the following about Santos's gas drilling disaster in Indonesia where mud eruption could not be contained which enveloped villages, .... there wasn't;
    " Water from Santos-operated fields typically contains between 100-10,000 mg/L TDS."

    "And I know exactly what is in the water, where it goes, and what they are doing about it, and that in my opinion the point your are trying to make is a total beat up."

    Sounds like you are a real "expert" mate.
    --------------------------

    Coal Seam Gas (CSG)
    Saturday, 04 July 2009
    ---------------------------

    Rosemary Nankivell highlights dangers of CSM in this Northern Daily Leader article July 09.
    Environmental Hazards.
    --------------------------------------------------

    Methane gas exploration and extraction has caused irreparable environmental, social and economic damage across the world. This report shows how gas exploration destroys fresh water supplies slowly but surely and how much of the geological understanding claimed by gas companies is actually guess work. The same will happen to us if we don?t stop it now. Here's what's already happened at Narrabri (p.11-13)

    A project operated by Sydney Gas was stopped by ?people power? in the Yarramalong and Dooralong Valleys because of scientific concerns coal seam gas (CSG) extraction would ruin drinking water and agricultural supplies for the Central Coast. An executive summary of their concerns is here...they are the same concerns we have on the Liverpool Plains. [Full report here]

    Gas mining is not a ?clean, green? alternative to coal, it too turns clean water into toxic water, land into deserts and leaves broken communities to pick up the costs during and when done. It is not a sustainable industry. Santos, for example, was part of the disastrous gas drilling project in East Java, the mud eruption of which could not be contained and has displaced over 50,000 people. Reuters report here. Santos clean up to cost 10x more.

    Yet another report of gas-water pollution in the USA.

    Gas extraction will damage our own water supplies and those feeding into the Murray Darling Basin:-
    ? by contaminating town water supplies, aquifers and stock bores
    ? by extracting water with gas lowering the water tables
    ? by creating vast quantities of waste water
    ? by exploring along the stressed Hunter-Mooki fault systems

    Experience shows that with gas extraction land values plummet, towns people and their environment become divided, polluted and sick. As this report into exposure-related Human Health Effects of Oil and Gas Development makes clear "air surrounding oil and gas production areas is particularly vulnerable to toxic emissions. Fugitive natural gas emissions may contain many contaminants." It calls for much more research into the NOT green, NOT clean gas industry. Don't be fooled!

    If Gas miners come knocking on your door - here are some suggestions (see page 2). Also see the NSW Farmers recommendations here, here and here, from their site [http://www.nswfarmers.org.au/]

    Be informed, DON'T let this opportunistic, poorly-regulated, environmentally damaging industry threaten our water, our food-producing ability, our environment, our communities and our next generation?s future.
    SAY NO TO COAL SEAM GAS EXTRACTION!! NOW!!


    From Northern Geoscience
    January 2005
    ---------------------------------

    EXECUTIVE SUMMARY
    -------------------------------
    Hydrogeological investigations have been conducted in the Dooralong and Yarramalong Valleys,
    which form the headwaters and recharge zones for the central coast Wyong catchment. These
    investigations have resulted in:
    i. a more detailed hydrogeological characterisation of the valleys surface and groundwater;
    ii. a more detailed understanding of geological structures present in the valleys;
    iii. greater confidence in the prediction of potential impacts associated with coal seam methane
    production by Sydney Gas Ltd; and
    iv. development of a conceptual groundwater flow model.
    The main issues of environmental significance is the possibility of dewatering groundwater aquifer
    systems, impacting on stream flow and water quality, land subsidence, damage to riverine ecosystem
    and leaching of gas during methane gas production.
    Investigations indicate groundwater in the Yarramalong and Dooralong Valleys is encountered within
    four distinct weathered and fresh geological profiles. The near surface shallow colluvium and alluvial
    aquifers, sandstone aquifers, and deeper rock units, which include Newcastle Coal Measures. It has
    been concluded that there is a complex hydrogeological system, which nevertheless can be modelled
    using average and known aquifer hydraulic properties for the purposes of estimating likely impacts
    through dewatering.
    Groundwater is interpreted as moving in a south easterly direction towards the valley lows, here it
    discharges into incised streams being the Wyong River in the Yarramalong Valley and Jilliby Creek
    in the Dooralong Valley. The water table is shallow with surface water and groundwater considered a
    single system that migrates towards the lowlands and lakes district of the central coast.
    Water quality in shallow and near surface aquifers is high and of potable quality, as is the surface
    flows of Jilliby Creek and Wyong River which contribute approximately 50% of the central coast
    drinking water supply. The water quality of the coal seams is considered saline, highly mineralised
    and considered of low quality with analytes above the Australian Drinking Water Standard. Any
    cross contamination from the coal seams to overlying aquifers will impact on the availability and
    quality of potable domestic supplies for the central coast.
    Conceptual hydraulic modelling has shown that dewatering of underlying coal seams in the valleys
    will impact on the overlying groundwater resource, which in turn has the potential to reduce stream
    flow and impact on the environmental ecosystem. Geological structures and high permeability
    values for near surface aquifer systems results in a possibility of higher groundwater velocities within
    discrete fracture zones within the aquifers, and high volumetric rates of groundwater movement.
    Modelling confirms the creation of a groundwater void in coal seams will result in waters migrating
    downwards towards the voids via regional and localised faults, fractures and joints sets. This water
    will then be pumped along with the low quality coal seam water effectively dewatering the valleys
    over time. This is particularly true during periods of low flow or during drought conditions.
    The lowering of the groundwater table through coal seam dewatering will result in significant
    impacts to groundwater domestic supply bores, within the zone of influence of the commercial gasJanuary 2005 - ii - 0105102967
    wells, through a reduction in the quantity of available groundwater and the drying up of many wells
    for potable supplies. Commercial irrigation wells will also be impacted causing significant
    economic losses in agricultural production.
    Environmental impacts to streams through the loss of surface flow caused by lowering of
    groundwater aquifers have the potential to kill off and reduce stream bank vegetation, trees and the
    associated loss of species. This impact will be further magnified through methane gas migration
    away from the well into overlying formations.
    As coal seam methane production progresses it is anticipated that the coal will effectively shrink or
    slump as the hydrostatic pressures are reduced through dewatering. This can result in land
    subsidence and is highly probable as the Wyong area is a declared coalmine subsidence zone.
    The final recommendation to be drawn from this report is that strong scientific fact exists that coal
    seam methane production in the Yarramalong and Dooralong Valleys, at the scale being proposed by
    Sydney Gas Ltd, will result in an unacceptable level of social, economic and environmental impact.
    A halt to mining is recommended and no further licences issued in the valleys to allow for a full and
    comprehensive environmental impact study that incorporates a geological, hydrogeological and
    geophysical investigation to expand on this study. A key requirement of such a study would be longterm
    water monitoring of between four to ten years to collect an appropriate level of time series
    groundwater data prior to any further mining licence assessment by government.

    Better to be safe than sorry, IMO

    RAVI
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.3¢
Change
0.000(0.00%)
Mkt cap ! $39.49M
Open High Low Value Volume
5.4¢ 5.4¢ 5.3¢ $7.897K 148.5K

Buyers (Bids)

No. Vol. Price($)
1 63969 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 31690 1
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.