Excellent Philbo ... Let's hope the 135 recommendations are not...

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Kipper01

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17/04/18

12:56

Post #: 32502525
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Originally posted by Philbo13 ↑

Speaking of media reports this is GREAT news for BUL and its tenements in the NT now BUL looks even more ATTRACTIVE GO BUL....

Fracking is set to resume in the Northern Territory, following the Government's decision to lift a moratorium but enforce strict new laws and regulations on the industry.

Key points

The NT Government has lifted a moratorium on hydraulic fracturing

It will adopt 135 recommendations of a scientific inquiry, designed to bring risks down to acceptable levels

A number of "no-go" zones, where fracking is not allowed will be estsablished

Chief Minister Michael Gunner said all 135 recommendations of a recent scientific inquiry would be implemented in full, as he announced the decision on Tuesday morning.

He had imposed the moratorium before he was elected, saying the expansion of the resources industry depended "on the social approval of the people of the Northern Territory".

A scientific inquiry led by Justice Rachel Pepper then spent 15 months investigating the issue, and found the risks of fracking could be reduced to acceptable levels if 135 recommendations were implemented in full.

Cabinet met yesterday ahead of the announcement this morning.

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Excellent Philbo ...

Let's hope the 135 recommendations are not so restrictive as to be too limiting for BUL's activities. Hopefully in the next BUL ann. on this matter they can say they are resuming applications etc. that they put on hold some time back pending this enquiry outcome ..

Kip
BUL Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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Excellent Philbo ... Let's hope the 135 recommendations are not...

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