Common sense Dan, page-14

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Jwpingrid

2,620 Posts.

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02/09/20

15:02

Post #: 47025516
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Originally posted by kuddles: ↑

Have you had your head in the sand!
LKO were about to develop the Wombat gas with BPT back in 2013 when the then Liberals imposed the onshore gas moratorium on fracking in order not to lose NP support. However when LKO announced they would be able to develop the gas without fracking the moratorium was widened to include ALL onshore gas exploration. If you kept up to date you should have known that the National Party spokesman admitted that the strategy had backfired and the lost the election Andrews anyway.
If not for the blatant political interference LKO would have been producing gas for the past five years. The Liberals have already said if they are elected they will remove the ban on onshore exploration immediately.
The bans on onshore gas apply to CSG and fracking which to not apply to LKO intended targets
The subsequent court action by LKO with regard to the illegality of the widening of the moratorium was confirmed by the judging panel but cop this!!.....the court ruled that even though the action was illegal at the time, the passing of retrospective legislation by the Andrews government extinguished any claim for compensation claim by LKO or its shareholders.
Have you read the LKO submission to the Onshore Inquiry.....LKO put it to the panel that they believed there were large reserves of gas in the Wombat and Otway permits and this gas could be reserved for Domestic use only....the panel completely discredited the proposal saying that they did not believe LKO management. Then wonder of wonders!!!!!....Andrews spends 40 million of taxpayers money on a seismic survey that includes LKO permits......and what do they find? .... SUBSTANTIAL onshore gas...but wait it gets better.....that can be reserved for DOMESTIC USE.
You must have your head up Andrews backside if you think he is a breath of fresh air or you are one of his lackeys....the man is incompetent and cannot be trusted as witnessed in the dirty politics in removing Somyurek of which there is no doubt he instigated and was fully aware of.

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well said kuddles!

LKO Price at posting: 0.2¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Common sense Dan, page-14

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Common sense Dan, page-14

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