Compliments from Energy News

Yes here is another one which is compliments of Energy News.

Enjoy it, and hopefully it will throw some more light into what is going on.

I am of the opinion that we should continue on with our plans and not be distracted from these talks of "Good faith discussions". By all means continue to talk if they are willing to do so, but lets not stop for any reasons whatsoever in pursuing the drilling and explorations of our permits.

IMHO, only when they will realise that we mean what we say and do, they will relent and either they will open up their purse to an acceptable level, or they will have to help us or bear the consequences of it all. Yet again, if they won't allow any drilling in NSW for the sake of a few seats and/or for their political skin, time will come that the whole thing will come back and will bait them hard in the "derriere". (A..se that is)

We all know what bureaucracy and bureaucrats are like, while playing with us ad infinitum and stringing us along in the hope that it will eventually go away, and we wouldn't want that..............WOULD WE!!!!

Cheers
Buddy134


"(Metgasco rejects govt offerFriday, 4 September 2015

Anthony Barich

METGASCO has slapped down the New South Wales government’s offer to settle legal action the beleaguered company launched earlier this week against the government for reportedly tens of millions of dollars in damages for cancelling a 2014 drilling program.


The company issued a correction notice to the Australian Securities Exchange yesterday regarding media reports on Wednesday that the government had made a “substantial offer” to Metgasco.


“As reported in our ASX release of September 1, Metgasco has been in discussions with the

government regarding settlement of the matters between Metgasco and the government,” the company said yesterday.


“Metgasco advises that the government has made a non-binding indicative offer with a value range and associated conditions.


“The directors do not consider this range would be acceptable to shareholders, even at the upper end.”


After the company announced the legal action on Tuesday, NSW Energy minister Anthony Roberts noted that Metgasco had stated that it was “happy to resume good-faith discussions with the government”.


"The government also remains ready to continue negotiations in good faith with Metgasco,” Roberts added.


Negotiations over compensation have been going since May when Roberts said the government would not appeal a Supreme Court ruling that an order last year to suspend drilling at the Bentley site on the state’s north coast was unlawful.


The share price of Metgasco, which has spent $120 million on its north coast gas licenses over the past 10 years, plummeted 40% when the suspension decision was handed down without warning.")