More from Energy News to share

Attached herewith what I have just received from Energy News.

I winder what the Forum's feelings are in regard to that article.

Dear oh me. Talk about people with a very very small amount of testicles..... if any.



"More confusion for NSW CSG"

Friday, 12 June 2015
Haydn Black


NEW South Wales' CSG exploration has again been plunged into confusion, with a plan by Deputy Premier and Nationals Leader Troy Grant to ban all exploration and extraction in the state’s north, a move that would extend the buyback scheme to Metgasco’s Northern Rivers licences.

Grant said the Nationals’ loss of the seat of Ballina to the Greens in the March election, and its near-loss in Lismore, resulted in a policy he felt reflected the will of the people.

"I support the views of regional communities and it has been made very clear that the Northern Rivers community does not want CSG," he said.

In short, Grant wants to buy back all seven Northern Rivers mining licences owned by Metgasco, ERM Power and Dart Energy, but seemed happy for CSG to go ahead in the Pilliga forest.

Grants’ announcement comes as the National Party holds its conference in the Hunter Valley, a coal mining region that has opposed CSG exploration since Sydney Gas Company first announced plans to explore the area a decade ago.

Metgasco, which recently won a court battle against the NSW government over its Rosella-1 conventional gas well, and is seeking an estimated $10 million in compensation, has already indicated it is not of a mind to accept the buyback offer.

If the existing buyback scheme were to be extended, Metgasco would be offered $212,000 per licence.

The company said it had spent more than $140 million [in 2015 dollars] over the past decade proving up NSW’s largest certified resources, and it would not be going down without a fight.

Metgasco boss Peter Henderson maintained that locals around the Casino area supported CSG extraction for the jobs it would create.

Junior Comet Ridge, which has three licences in the northern Gunnedah Basin to the west, believes the Nationals’ plan will not spread to the Gunnedah Basin, where his company is joint ventured with Santos, which has spent upwards of $1.5 billion on its Narrabri gas project.

CSG exploration in NSW has been in a state of limbo for more than three years.



End of quotation..........

As I have stated several times in the past, the big end of Town always win.

One has only to look as far as what will happen with STO, and compare it with the small fish companies.

After all, I live around the area (Not far), where STO is operating for CSG and also where Shenhua is going to open a huge coal mine, and the Nats there are just sitting tight and doing nothing. As a matter of facts I was there on personal business today.

But, and this is the crunch of it all, the seat around these areas are a National stronghold where the incumbent members aren't in danger at all to loose their seats.....Period!!!

Go Figure!!!!!

Cheers to all and sundries.

Go figure!!!!!