Githabul Nation untap huge Natural Gas Reserves in NSW
"There is no GAS shortage in NSW! We have plenty of natural gas" say the Githabul Rainforest people. AGL is chasing a 20.3 per cent increase for customers in the greater Sydney region and inland NSW.
The ACT retailer, ActewAGL is proposing an 18.6 per cent increase for the NSW/ACT border areas while Origin Energy is proposing 20.1 per cent for the southwestern regions of NSW.
"As a father and concerned citizen of NSW, it morally wrong that AGL and Origin Energy can propose a 21.1% increase for struggling families in the southwestern region of NSW." says Trevor Close, CEO of the Githabul Nation Aboriginal Corporation
There should be no GAS price increases in NSW! The Githabul people are happy to share GAS resources will people in NSW in the spirit of reconcilliation to get the great state of NSW off dependency from buying GAS interstate. At the moment NSW produces only 5% of its domestic gas consumption.
The Githabul nation are show-casing their surprising pro-active business attitude today by short-listing the investors wishing sign a 'farm in' agreement with them. The investment into the new Rosella Gas Well at Bentley NSW Australia owned by Australian listed Gas company Metgasco Ltd (ASX Code “MEL”) has received the benefit of a glowing study into its potential.
Trevor Close, said: “The Rosella well is a Natural gas well not a coal seam gas well. The potential of this new gas well will deliver millions back to the Githabul people.”
“we have looked at a number of commercial opportunities across the Commonwealth for Oil and Gas we believe that we have found a number of potential suitors who show the same respect for the best use of the land as we do.”
Githabul engaged Energy Quest from Malaysia to do a study on the Clarence Morton Basin water aquifers and look at Gas deposits, to keep the elders informed of the process.
Mr Close said: “the study results were quite remarkably positive as the geological structure is similar to the Sabah geological structure where Shell and Petronas have made good returns for the natives of Sabah."
Shell and Petronas have the Bintulu Plant at Sabah, which has been a remarkable success story and the business model being adopted.
For the custodians of the land, profit models from geological experts, is not enough to get the community behind resources projects. They have committed a great deal of time to work with investors and gas companies prepared to find solutions that respect the land that will provide current and future benefit for the community through a Githabul trust fund.
Githabul Nation has decided to farm in with Metgasco and try and deliver some long term employment opportunities for the Bundjalung People on the far North Coast.
Mr Close said: “As a Native leader it saddens me to see that we have 90 per cent unemployment at Casino, Ballina and Grafton and Lismore I want to see the Bundjalung women involved with the Gas trucking contracts delivering gas to homes.” Mr Warren Mundine is a Bundjalung man himself keen to see unemployment be eradicated on the far North Coast by 2020.
The active investor-friendly approach to co-operative realising the best from the resources has come as a surprise to the resources sector.
Respected Elder, Aunty Queenie Anne Speeding said: " Get used to it. We want to smash false perceptions. As custodians of sacred land, we can work just as hard with willing people such as METGASCO who have shown us the necessary respect for the land. Custodians for land means realizing its full bounty both now and for the future. Invest the time necessary, and we will get fully behind mutually beneficial strategies that produce the economic prosperity for this great nation"
MEL Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
