GOT 0.00% 17.5¢ groote resources limited

nice post clydebigdogi see the TO's in the kimberley have given...

  1. 366 Posts.
    nice post clydebigdog
    i see the TO's in the kimberley have given the go ahead for the james price point gas hub and agreed to a deal worth about $1.0bil ,it's a pity the TO's of groote dont have the same view..it sure does look like they are missing out.

    Traditional owners green light Kimberley gas hub

    Native title claimants have voted in favour of a deal to build a contentious gas hub at James Price Point, 60 km north of the Kimberley town of Broome.

    At a meeting in Broome this afternoon, the Jabirr-Jabirr Goolarabooloo people agreed to the deal which will see them receive over $1 billion worth of benefits during the life of the project.

    http://www.abc.net.au/news/stories/2011/05/06/3209682.htm?section=justin


    The gas plant will be used to process the massive gas reserves off the Browse Basin.

    The traditional owners voted 164 to 108 in favour of the plant.

    Despite the yes vote, many of the group told the ABC they remained deeply concerned about the project but believe they had no option but to cooperate with the State Government's plans.
 
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